- Two Covered Calls positions (Alphabet Inc. and IAMGOLD Corporation) closed in-the-money so their Calls expired and the shares were called away (i.e. sold) at their respective strike prices -- so both positions achieved their maximum potential return-on-investment results on their options expiration dates.
- Three positions in AppLovin Corporation, Deckers Outdoor Corporation, and Otis Worldwide Corporation closed out-of-the-money so their Call options expired and the shares remain in the Covered Calls Advisor Portfolio. Early next week I will decide to either sell these shares to close out the Covered Call positions or continue these Covered Call positions by selling Calls against the shares now held. When these transactions occur, I will post the detailed transaction history of each position on this blog.
1. Alphabet Inc. (GOOGL) -- +0.9% absolute return (equivalent to +32.4% annualized return-on-investment) for the 10 days of this investment. This Covered Call position was assigned at the $335.00 strike price since the stock closed in-the-money at $344.82 per share. The original recent blog post detailing this Covered Calls position is here.
2. AppLovin Corporation (APP) -- This Covered Call position closed yesterday at $305.77 which was below its $310.00 strike price, so the one Call option expired and 100 AppLovin shares now remain in the Covered Calls Advisor Portfolio. The original blog post detailing this position is here. Early in this upcoming week I will decide to either continue this Covered Call position by selling one Call option against the 100 APP shares currently held or close out the position by selling these shares.
3. Deckers Outdoor Corporation (DECK) -- This Covered Calls position closed yesterday at $91.68 which was below its $95.00 strike price, so the two Call options expired and 200 Deckers shares now remain in the Covered Calls Advisor Portfolio. The original blog post detailing this position is here. Early in this upcoming week I will decide to either continue this Covered Calls position by selling two Call options against the 200 Deckers shares currently held or close out the position by selling these shares.
4. IAMGOLD Corporation (IAG) -- +7.6% absolute return (equivalent to +87.1% annualized return-on-investment) for the 32 days of this investment. This Covered Calls position was assigned at the $14.00 strike price since the stock closed in-the-money at $21.13 per share. The original blog post detailing this Covered Call position is here.
5. Otis Worldwide Corporation (OTIS) -- This Covered Calls position closed yesterday at $71.49 which was below its $72.50 strike price, so the two Call options expired and 200 Otis shares now remain in the Covered Calls Advisor Portfolio. The original blog post detailing this position is here. Early in this upcoming week I will decide to either continue this Covered Calls position by selling two Call options against the 200 Otis Worldwide Corp. shares currently held or close out the position by selling these shares.
As always, I welcome your feedback or questions at my email address shown below on anything related to the Covered Calls investing strategy.
Jeff Partlow
The Covered Calls Advisor
partlow@cox.net
