Early Assignment of Covered Calls Position in Comcast Corporation

I was notified by Schwab early this morning that the five Oshkosh Corporation October 11th, 2024 Call options were exercised yesterday.  Because the Oshkosh stock price increased from $39.24 when this position was established to $41.70 at yesterday's market close, the original $.49 time value in the Calls when the position was established had declined on yesterday's market close to $0.00, so (with nine days remaining until the October 11th options expiration date), the owner of these Calls exercised their option to buy the 500 shares at the $38.00 strike price in order to receive today's $.31 per share ex-dividend. 

The post when this Comcast Corporation Covered Calls position was originally established is here.  As detailed below, the return-on-investment result for this Oshkosh Covered Calls position was +1.3% absolute return in 15 days (equivalent to a +31.3% annualized return-on-investment).

Comcast Corporation (CMCSA) -- Covered Calls Position Closed by Early Assignment

The buy/write transaction was as follows:
09/17/2024 Bought 500 shares of Comcast Corporation @ $39.24 per share 
09/17/2024 Sold 5 Comcast October 11th, 2024 $38.00 Call options @ $1.73 per share.  The Implied Volatility of these Call options was 22.8 when this transaction was executed.
10/02/2024 Five CMCSA 10/11/2024 $38.00 Calls exercised early, so the Calls expired and the 500 CMCSA shares were sold at the $38.00 strike price.

The overall performance results (including commissions) was as follows:
Covered Calls Cost Basis: $18,758.35
= ($39.24 - $1.73) * 500 shares + $3.35 commission

Net Profit Components:
(a) Options Income: +$861.65
= ($1.73 * 500 shares) - $3.35 commission
(b) Dividend Income (Comcast shares assigned early on the day prior to the 10/2/2024 ex-dividend date): +$0.00
(c) Capital Appreciation: -$620.00
= ($38.00 strike price - $39.24 original stock purchase price) * 500 shares

Total Net Profit: +$241.65
= (+$861.65 options income +$0.00 dividend income -$620.00 capital appreciation)

Absolute Return-on-Investment: +1.3%
= +$241.65/$18,758.35
Equivalent Annualized Return-on-Investment: +31.3%
= (+$241.65/$18,758.35) * (365/15 days)