Continuation of Covered Calls Position in Match Group Inc.

The Covered Calls Advisor Portfolio has a Covered Calls position in Match Group Inc. (ticker MTCH) which expired last Friday with the stock at $32.68 which was below the $34.00 strike price.  Today this position was continued by rolling out to the May 3rd, 2024 weekly options expiration at the $33.50 strike price by selling-to-open six Calls at $.80 per share when the price of Match Group stock was $32.75.  

As detailed below, a potential outcome for this Match Group investment if the stock is in-the-money and therefore assigned on the options expiration date is +2.0% absolute return-on-investment over 31 days (equivalent to +24.1% annualized-return-on-investment) if the stock closes above the $33.50 strike price on the May 3rd, 2024 options expiration date.  The transactions history of this Match Group Covered Calls position to-date along with a potential return-on-investment result if the stock is assigned on the May 28th, 2024 options expiration date is as follows:

Match Group Inc. (MTCH) -- Continuation of Covered Calls Position

The buy/write transaction was:
4/2/2024 Bought 600 Match Group Inc. shares @ $35.28.
4/2/2024 Sold 6 MTCH 4/12/2024 $34.00 Call options @ $1.68 per share.  The Implied Volatility of these Calls was 34.4 when this transaction was made.
4/12/2024 Match Group stock price was below the $34.00 strike price, so the Calls expired and the 600 MTCH shares remained in the Covered Calls Advisor Portfolio. 

4/15/2024 Continued this Match Group Covered Calls position by selling six May 3rd, 2024 $33.50 Call options @ $.80 per share when the stock was trading today at $32.75.  

An overall performance result (including commissions) for this Match Group Covered Calls position if the stock price is above the $33.50 strike price on the options expiration date is as follows:
Match Group Covered Calls Net Investment: $20,164.02
= ($35.28 - $1.68) * 600 shares + $4.02 commission

Net Profit:
(a) Options Income: +$1,479.96
= ($1.68 + $.80) * 600 shares - $8.04 commissions
(b) Dividend Income: +$0.00
= ($0.00 dividends per share x 600 shares)
(c) Capital Appreciation (If MTCH shares assigned at $33.50 strike price at expiration): -$1,068.00
+($33.50 strike price - $35.28 stock purchase price) * 600 shares

Total Net Profit (If options exercised on the 5/3/2024 options expiration date): +$411.96

= (+$1,479.96 options income +$0.00 dividend income -$1,068.00 capital appreciation)

Potential Absolute Return-on-Investment (If the Match Group Inc. shares are assigned at the $33.50 strike price at the May 3rd, 2024 options expiration date): +2.0%

= +$411.96/$20,164.02

Potential Annualized Return-on-Investment (If 600 Match Group shares assigned at $33.50 at the 5/3/2024 options expiration date): +24.1%

= (+$411.96/$20,164.02) * (365/31 days)