Closed Out the Covered Calls Position in KeyCorp Inc.

At last Friday's options expiration date, four March 18th, 2022 Covered Calls in KeyCorp Inc. (KEY) expired with the stock price below the $24.00 strike price.  This morning, KeyCorp's shares increased and I decided to close out the position by selling the 400 KEY shares at $24.12. 

As detailed below, the return-on-investment results for this KeyCorp Inc. position is: +2.3% absolute return in 26 days (equivalent to a +32.8% annualized return-on-investment).

KeyCorp Inc. (KEY) -- Covered Calls Position Closed
The buy/write transaction was:
2/23/2022 Bought 400 KeyCorp shares @ $25.33
2/23/2022 Sold 4 KEY 03/18/2022 $24.00 Call options @ $1.57
Note: the Time Value (aka Extrinsic Value) in the Call options was $.24 per share = [$1.57 Call options premium - ($25.33 stock price - $24.00 strike price)]
2/28/2022 Quarterly ex-dividend of $.195 per share
03/18/2022 4 KEY $24.00 Call options closed at expiration out-of-the-money (stock price closed at $23.93 below the $24.00 strike price) and 400 KeyCorp shares remain in the Covered Calls Advisor Portfolio.
03/21/2022 Sold 400 KeyCorp shares at $24.12 to close out this Covered Calls position.

The overall performance results (including commissions) for this KeyCorp Covered Calls position was as follows:
Covered Calls Cost Basis: $9,506.68
= ($25.33 - $1.57) * 400 shares + $2.68 commission

Net Profit Components:
(a) Options Income: +$628.00
= ($1.57 * 400 shares)
(b) Dividend Income: +$78.00
= ($.195 dividend per share x 400 shares)
(c) Capital Appreciation (KEY shares sold at $24.12 per share): -$484.00
+($24.12 - $25.33) * 400 shares

Total Net Profit: +$222.00

= (+$628.00 options income +$78.00 dividend income -$484.00 capital appreciation)
 

Absolute Return-on-Investment: +2.3%

= +$222.00/$9,506.68

Annualized Return-on-Investment: +32.8%

= (+$222.00/$9,506.68)*(365/26 days)