October 7th, 2022 Options Expiration Results

Yesterday, the Covered Calls position in Suncor Energy Inc. (ticker SU) was closed out on its September 7th, 2022 options expiration date.  The strike price was $31.00 and Suncor closed in-the-money at market closing yesterday (the Suncor stock price was $32.80).  So, the 400 Suncor shares were assigned (i.e. sold) at the $31.00 strike price.  As detailed below, the return-on-investment (ROI) result was  +0.6% absolute return (equivalent to +5.0% annualized return-on-investment for the 44 days holding period).
 

Suncor Energy Inc. (SU) -- Covered Calls Position Assigned on the October 7th Options Expiration Date
The original simultaneous buy/write transactions was as follows:
08/25/2022 Bought 400 shares of Suncor stock @ $34.77 per share 
08/25/2022 Sold 4 Suncor Sept. 16th, 2022 $32.50 Call options @ $2.62 per share
09/01/2022 Ex-dividend at $.3573 per share
9/16/2022 Four Suncor Call options expired out-of-the-money and 400 Suncor shares remain in the Covered Calls Advisor Portfolio.
9/19/2022 Continued Suncor Covered Calls position by selling four October 7th, 2022 $31.00 Call options @ $1.00 per share.
10/7/2022 Four SU $31.00 Calls expired in-the-money (Suncor stock was $32.80 at market close on Friday, 10/7/2022) and the 400 Suncor shares were sold at the $31.00 strike price.

The overall performance result (including commissions) was as follows:
Covered Calls Net Investment: $12,865.36
= ($34.77 - $2.62) * 400 shares + $5.36 commission

Net Profit Components:
(a) Options Income: +$1,442.64
= ($2.62 + $1.00) * 400 shares - $5.36 commission
(b) Dividend Income: $142.92
= $.3573 per share x 400 shares
(c) Capital Appreciation (Suncor stock was above $31.00 strike price and therefore assigned on its Oct. 7th options expiration): -$1,508.00
= ($31.00 - $34.77) * 400 shares

Total Net Profit: +$77.56
= (+$1,442.64 options income +$142.92 dividend income -$1,508.00 capital appreciation)

Absolute Return-on-Investment: +0.6%
= +$77.56 net profit/$12,865.36 net investment
Equivalent Annualized Return-on-Investment: +5.0%
= (+$77.56/$12,865.36) * (365/44 days)