Closed Out Positions in Deckers Outdoor Corporation and Otis Worldwide Corporation

The Covered Call positions in Deckers Outdoor Corporation (ticker DECK) and Otis Worldwide Corporation (OTIS) closed out-of-the-money at last Friday's options expiration date, so their Call options expired and their shares remained in the Covered Calls Advisor Portfolio. Early in today's trading session I closed out both positions by selling the 200 Deckers and the 200 Otis shares.  The transactions history for both positions and their associated return-on-investment results are detailed below.

1. Deckers Outdoor Corporation (DECK) -- Covered Calls Position Closed Out

This Covered Calls position transactions were as follows:

8/4/2026 Bought 200 shares of Deckers Outdoor Corp. stock @ $99.58 per share.  
8/4/2026 Sold 2 DECK August 21st, 2026 $95.00 Call options @ $6.26 per share.
Note: this was a simultaneous Buy/Write transaction and the Implied Volatility of the Calls was 38.1 when this position was established which, as preferred, is well above the current VIX of 15.8.  
8/21/2026 The Call options expired out-of-the-money at $91.68 and 200 Deckers shares remained in the Covered Calls Advisor Portfolio.
8/24/2026 Closed out this Covered Calls position by selling the 200 Deckers shares at $92.80.

The overall performance result (including commissions) for this Deckers Covered Calls position is as follows:
Covered Calls Net Investment: $18,665.34
= ($99.58 - $6.26) * 200 shares + $1.34 commission

Net Profit Components:
(a) Options Income: +$1,250.66
= ($6.26 * 200 shares) - $1.34 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (200 Deckers shares sold at $92.80 on 8/24/2026 options expiration date): -$1,356.00
= ($92.80 stock selling price - $99.58 stock purchase price) * 200 shares

Total Net Loss: -$105.34
= (+$1,250.66 options income + $0.00 dividend income - $1,356 capital appreciation)

Absolute Return-on-Investment: -0.6%
= -$105.34/$18,665.34
Equivalent Annualized-Return-on-Investment: -10.3%
= (-$105.34/$18,665.34) * (365/20 days)

2. Otis Worldwide Corporation (OTIS) -- Covered Calls Position Closed Out

The buy/write net limit order transaction was as follows:
8/11/2026 Bought 200 Otis Worldwide Corporation shares at $73.08.

8/11/2026 Sold 2 Otis 88/21/2026 $72.50 Call options @ $1.38 per share.  The Implied Volatility of these Calls was 26.7 when this position was established, which is well above (as preferred) the current value of the S&P 500 Volatility Index (i.e. VIX) which was 15.4.

8/14/2026 Ex-dividend of $.44 per share.  

8/21/2026 The Call options expired out-of-the-money at $71.49 and 200 Otis shares remained in the Covered Calls Advisor Portfolio.
8/24/2026 Closed out this Covered Calls position by selling the 200 Otis shares at $72.26.

The overall performance result (including commissions) for this Otis Worldwide Corporation Covered Calls position is as follows:
Covered Calls Net Investment: $14,341.34
= ($73.08 - $1.38) * 200 shares + $1.34 commission

Net Profit:
(a) Options Income: +$274.66
= ($1.38 * 200 shares) - $1.34 commission
(b) Dividend Income: +$88.00 = $.44 per share x 200 shares
(c) Capital Appreciation: -$164.00
+($72.26 stock selling price - $73.08 stock purchase price) * 200 shares

Total Net Profit: +$198.66

= (+$274.66 options income + $88.00 dividend income - $164.00 capital appreciation)

Absolute Return-on-Investment: +1.4%

= (+$198.66/$14,341.34)

Annualized Return-on-Investment: +38.9%
= (+$198.66/$14,341.34) * (365/13 days)