Covered Calls Position Established in Global Payments Inc.

Today a Covered Calls position was established in Global Payments Inc. (ticker GPN) at the October 18th, 2024 options expiration date and at the $100.00 strike price.  Three hundred shares were purchased at $104.00 per share and three Oct. 18th, 2024 $100.00 Calls were sold at $5.76 per share. The corresponding potential time value profit was $1.76 per share [$5.76 Call options premium + ($100.00 strike price - $104.00 stock purchase price)].  The Implied Volatility of these Call options was 29.4 when this position was established.  Establishing positions in companies when the Implied Volatility of their options is greater than that of the S&P 500 Volatility Index (which is currently at 15.5), is strongly preferred by the Covered Calls Advisor.  This preference is the fifth of the twelve Covered Calls investing "edges" (see here).  Since quarterly earnings reports increase volatility, it is also important to me that there is no earnings report prior to the next earnings report, which is true in this instance since Global Payments' next report is scheduled for October 31st, 2024.  

Global Payments is an information technology company (in the Financial Sector).  They provide payment technology and software solutions for card, electronic, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific and they operate through three segments: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions.

As shown in my GARP (Growth at a Reasonable Price) stock screener results below, Global Payments meets all nineteen filters. 

Global Payments Inc. (GPN) -- New Covered Calls Position 

The buy/write transaction was as follows:
9/24/2024 Bought 300 Global Payments Inc. shares at $104.00.

9/24/2024 Sold 3 GPN October 18th, 2024 $100.00 Call options @ $5.76 per share.

A possible overall performance result (including commissions) would be as follows:
Covered Calls Net Investment: $29,474.01
= ($104.00 - $5.76) * 300 shares + $2.01 commission

Net Profit:
(a) Options Income: +$1,725.99
= ($5.76 * 300 shares) - $2.01 commission
(b) Dividend Income (If Global Payments stock is above the $100.00 strike price at the October 18th, 2024 options expiration date): +$0.00

(c) Capital Appreciation (If Global Payments stock is above the $100.00 strike price at the Oct. 18th, 2024 options expiration date): -$1,200.00

= ($100.00 strike price - $104.00 stock purchase price) * 300 shares

Total Net Profit [If Global Payments stock price is in-of-the-money (i.e. above $100.00 strike price) at options expiration]: +$525.99

= (+$1,725.99 options income +$0.00 dividend income -$1,200.00 capital appreciation)

Potential Absolute Return-on-Investment: (If stock is above $100.00 strike price at the 10/18/2024 options expiration date): +1.8%

= +$525.99/$29,474.01
Potential Annualized Return-on-Investment: +27.1%
= (+$525.99/$29,474.01) * (365/24 days)