Covered Call Position Established in Microsoft Corporation

Early in this morning's trading session (9:52am ET), a Covered Call position was establised in Microsoft Corporation (ticker MSFT).  My buy/write net debit limit order was executed and 100 Microsoft shares were purchased at $368.86 and 1 April 11th, 2025 $360.00 Call option was sold at $14.16 per share -- a net debit of $354.70 per share.  So, the potential time value profit if the stock is in-the-money and therefore closed out by assignment at expiration is $5.30 per share [$14.16 Call option premium - ($368.86 stock purchase price - $360.00 strike price)].  The probability of assignment on the options expiration date was 65.1% when this transaction occurred.  This position avoids the next quarterly earnings report on April 22nd which is after the April 11th options expiration date. 

As detailed below, a potential outcome for this Microsoft Corporation investment is +1.5% absolute return-on-investment for the next 11 days (equivalent to +49.5% annualized-return-on-investment) if the stock closes above the $360.00 strike price on the April 11th, 2025 options expiration date.

Microsoft Corporation (MSFT) -- New Covered Call Position

The net debit buy/write limit order was executed as follows:
3/31/2025 Bought 100 shares of Microsoft stock @ $368.86 per share.  
3/31/2025 Sold 1 MSFT April 11th, 2025 $360.00 Call option @ $14.16 per share.  The Implied Volatility of the Call was 34.5 when this transaction was executed.

A possible overall performance result (including commissions) if this position is assigned on its 4/11/2025 option expiration date is as follows:
Microsoft Covered Call Net Investment: $35,470.67
= ($368.86 - $14.16) * 100 shares + $.67 commission

Net Profit Components:
(a) Call Option Income: +$1,415.33
= ($14.16 * 100 shares) - $.67 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If Microsoft stock is above the $360.00 strike price at the April 11th option expiration date): -$886.00
= ($360.00 - $368.86) * 100 shares

Potential Total Net Profit (If assigned at expiration): +$529.33
= (+$1,415.33 option income + $0.00 dividend income - $886.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.5%
= +$529.33/$35,470.67
Potential Equivalent Annualized-Return-on-Investment: +49.5%
= (+$529.33/$35,470.67) * (365/11 days)