Covered Calls Position Closed in Lear Corporation

Last Friday, the Covered Calls position in Lear Corporation (ticker LEA) closed out-of-the-money at $118.19 which was below its $120.00 strike price.  This morning, when Lear's stock price had increased to $119.20 and also because it has an upcoming quarterly earnings report this week on Thursday (and also since I prefer to avoid holding companies because of the stock price volatility on those days), I decided to close out this position by selling the 200 shares. The transactions history for this Lear Corp. Covered Calls position and its associated return-on-investment results are detailed below.

Lear Corporation (LEA) -- Covered Calls Position Closed Out by Decision
The buy/write transaction was:
5/23/2024 Bought 200 Lear Corporation shares @ $123.92.
5/23/2024 Sold 2 LEA 6/21/2024 $120.00 Call options @ $5.20 per share.
6/6/2024 Ex-dividend of $.77 per share.

6/19/2024 2 Lear Calls expired out-of-the-money and the 200 Lear Corp. shares remain in the Covered Calls Advisor Portfolio.

6/24/2024 Continued this Covered Calls position by selling-to-open 2 Lear 7/19/2024 $120.00 Call options at $2.45 when the stock price was $118.34 per share against the 200 Lear shares owned.

7/19/2024 Two Lear Call options expired out-of-the-money at $118.19 per share and the 200 Lear shares remain in the Covered Calls Advisor Portfolio.

7/22/2024 Closed out this Lear Corp. Covered Calls position by selling the 200 remaining shares at $119.20. 

The overall performance result (including commission) for this Covered Calls position is as follows:

Covered Calls Net Investment: $23,745.34
= ($123.92 - $5.20) * 200 shares + $1.34 commission

Net Profit Components:
(a) Options Income: +$1,527.32
= ($5.20 + $2.45) * 200 shares - $2.68 commissions
(b) Dividend Income: $154.00

= ($.77 per share x 200 shares)
(c) Capital Appreciation (Lear shares sold at $119.20): -$944.00
+($119.20 stock selling price - $123.92 stock purchase price) * 200 shares

Total Net Profit: +$737.32

= (+$1,527.32 options income +$154.00 dividend income -$944.00 capital appreciation)

Absolute Return-on-Investment: +3.1%

= +$737.32/$23,745.34

Annualized Return-on-Investment: +18.9%

= (+$737.32/$23,745.34) * (365/60 days)