Continuation of Covered Calls Position in KraneShares CSI China Internet ETF

Last Friday, the Covered Calls positions in KraneShares CSI China Internet ETF (ticker KWEB) closed out-of-the-money. So, the Calls expired and shares remained in the Covered Calls Advisor Portfolio.  This morning, I decided to continue this Covered Calls position by selling ten $26.50 strike price Call options to roll out to the August 16th, 2024 options expiration date. The transactions-to-date as well as the potential return-on-investment results if this position is assigned on the options expiration date is as follows:

KraneShares CSI China Internet ETF (KWEB) -- Continuation of Covered Calls Position 

The Buy/Write transaction was as follows:
5/20/2024 Bought 1,000 shares of CSI China Internet ETF @ $31.90 per share.  
5/20/2024 Sold 10 KWEB June 21st, 2024 $30.00 Call options @ $2.44 per share.  The Implied Volatility of the Calls was 31.2 when this position was established.  

6/21/2024 Ten KWEB Calls expired out-of-the-money and the 1,000 KWEB shares remain in the Covered Calls Advisor Portfolio.

6/24/2024 Continued this Covered Calls position by selling-to-open 10 KWEB 7/19/2024 $30.00 Call options at $.33 when the KWEB price was $28.60 per share against the 1,000 KWEB shares owned.

7/19/2024 Ten KWEB Calls expired out-of-the-money and the 1,000 KWEB shares remain in the Covered Calls Advisor Portfolio.

7/22/2024 Continued this Covered Calls position by selling-to-open 10 KWEB 8/2/2024 $29.00 Call options at $.17 when the KWEB price was $27.70 per share against the 1,000 KWEB shares owned.

8/7/2024 Continued this Covered Calls position by selling-to-open 10 KWEB 8/16/2024 $26.50 Call options at $.38 against the 1,000 KWEB shares owned.

A possible overall performance result (including commissions) for this CSI China Internet ETF Covered Calls position if it is in-the-money on its 8/16/2024 options expiration date is as follows: 

KWEB Covered Calls Net Investment: $29,466.70

= ($31.90 - $2.44) * 1,000 shares + $6.70 commission

Net Profit:
(a) Options Income: +$3,293.20
= ($2.44 + $.33 + $.17 +$.38) * 1,000 shares - $26.80 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If 1,000 CSI China Internet ETF shares assigned at $26.50 strike price at the 8/16/2024 options expiration date): -$5,400.00
+($26.50 strike price - $31.90 shares purchase price) * 1,000 shares

Total Net Loss (If 1,000 CSI China Internet ETF shares assigned at the $26.50 strike price at expiration): - $2,106.80
= (+$3,293.20 options income + $0.00 dividend income - $5,400.00 capital appreciation)

Potential Absolute Return-on-Investment: -7.1%
= -$2,106.80/$29,466.70
Potential Annualized Return-on-Investment: -29.7%
= (-$2,106.80/$29,466.70) * (365/88 days)