Covered Calls Position Closed in Nvidia Corporation

Today I closed out my Covered Calls position in Nvidia Corporation (NVDA).  The position was unwound by selling-to-close the 400 shares and simultaneously buying-to-close the 4 May 30th, 2025 $125.00 Call options.  I decided to close out this position at a net profit before Nvidia's earnings report (which is after the market close today) because of the usual stock price volatility that often occurs immediately after quarterly earnings are reported.   

As detailed below, the results for this Nvidia Covered Calls investment was +1.3% absolute return-on-investment (equivalent to +39.9% annualized return-on-investment) for the 12 days. 

Nvidia Corporation (NVDA) -- Covered Calls Position Closed Out by Decision

The buy/write market order transaction was as follows:

5/16/2025 Bought 400 Nvidia Corporation shares at $135.12.

5/16/2025 Sold 4 NVDA 5/30/2025 $125.00 Call options @ $12.70 per share. 

5/28/2025 Closed out (i.e. unwound) this NVDA Covered Calls position by selling-to-close 400 NVDA shares @ $136.36 per share and simultaneously buying-to-close 4 May 30th, 2025 $125.00 Calls @ $12.32 per share.

The overall performance result (including commissions) for this Nvidia Corporation Covered Calls position is as follows:
Covered Calls Net Investment: $48,970.68
= ($135.12 - $12.70) * 400 shares + $2.68 commission

Net Profit:
(a) Options Income: +$146.64
= ($12.70 Calls sell-to-open price - $12.32 Calls Buy-to-close price) * 400 shares - $5.36 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation: +$496.00
+($136.36 stock sell-to-close price - $135.12 stock purchase price) * 400 shares

Total Net Profit: +642.64
= (+$146.64 options income + $0.00 dividend income + $496.00 capital gain on sale of stock)

Absolute Return-on-Investment: +1.3%
= +$642.64/$48,970.68
Annualized Return-on-Investment: +39.9%
= (+$642.64/$48,970.68) * (365/12 days)