Continuation of Covered Calls Position in JD.com Inc.

The Covered Calls Advisor Portfolio has a Covered Calls position in JD.com Inc. (ticker JD) which expired last Friday with the stock at $25.12 which was below the $26.50 strike price at last Friday's options expiration.  Today this position was continued by rolling out to the May 3rd, 2024 weekly options expiration date at the same $26.50 strike price by selling-to-open four Calls at $.82 per share when the price of JD.com stock was $26.52.  This two-week extension to a 5/3/2024 expiration is prior to their next quarterly earnings report which is on May 9th.  

As detailed below, a potential outcome for this JD.com investment if the stock is in-the-money and therefore assigned on the options expiration date is +8.5% absolute return-on-investment over 44 days (equivalent to +70.8% annualized-return-on-investment) if the stock closes above the $26.50 strike price on the May 3rd, 2024 options expiration date.  The transactions history of this JD.com Covered Calls position to-date along with a potential return-on-investment result if the stock is assigned on the 5/3/2024 options expiration date is as follows:

JD.com Inc. (JD) -- Continuation of Covered Calls Position
The buy/write transaction was:
3/20/2024 Bought 400 JD.com shares @ $27.86.
3/20/2024 Sold 4 JD.com 4/19/2024 $26.50 Call options @ $2.00 per share.  The Implied Volatility of these Call options was 35.7 when this position was established which, as I prefer, is well above the current 13.8 of the S&P 500 Volatility Index (i.e. VIX).
4/4/2024 Upcoming annual ex-dividend of $.76 per share.

4/19/2024 4 JD.com Calls expired out-of-the-money with the stock at $25.12 per share, so the 400 JD.com shares remained in the Covered Calls Advisor Portfolio.

4/22/2024 Continued JD.com Covered Calls position by selling-to-open 4 JD May 3rd, 2024 $26.50 Call options at $.82 when the stock was at $26.52 per share.

A possible overall performance result (including commissions) for this JD.com Covered Calls position if it is in-the-money and therefore assigned at the $26.50 strike price is as follows:
Covered Calls Net Investment: $10,346.68
= ($27.86 - $2.00) * 400 shares + $2.68 commission

Net Profit Components:
(a) Options Income: +$1,122.64
= ($2.00 + $.82) * 400 shares - $5.36 commissions
(b) Dividend Income: +$304.00
= ($.76 dividend per share x 400 shares)

(c) Capital Appreciation (If shares assigned at $26.50 strike price at the 5/3/2024 options expiration): -$544.00

+($26.50 - $27.86) * 400 shares

Total Net Profit (If JD.com shares assigned at $26.50 at the May 3rd, 2024 expiration): +$882.04

= (+1,122.64 options income +$304.00 dividend income -$544.00 capital appreciation)

Potential Absolute Return-on-Investment (If JD.com's shares assigned on the May 3rd options expiration date): +8.5%

= +$882.04/$10,346.68

Potential Annualized Return-on-Investment: +70.8%

= (+$882.04/$10,346.68) * (365/44 days)