Before market open on 2026-01-30, VZ reported their quarterly earnings and though the EPS of $1.09 was lower than the previous seven quarters, the market finally decided it has been a bit rough on VZ. The stock jumped from $39.81 to $44.52, a whopping 11.8%. And it continued from there, climbing all the way to $49.98, a total increase of 25.5%. As a result, our $43 covered call expiring on 2026‑03‑20 was assigned, and 100 shares were called away, with $4,300 deposited into the account.
The Portfolio for the Ages has no plans to sell the remaining 77 shares at this time.
Stay tuned for a summary of the performance for the covered portion of this position in VZ and how the proceeds from the option assignment will be used.