Early Assignment of Las Vegas Sands Corp.

This morning I received an email notification from my broker (Schwab) that the 5 Las Vegas Sands Corp. (ticker symbol LVS) May 16th, 2025 Call options were exercised early, so the 500 shares of Las Vegas Sands stock in the Covered Calls Advisor Portfolio were assigned (i.e. sold) at the $34.00 strike price. 

Las Vegas Sands stock was $38.31 at yesterday's market close.  Early exercise by the owners of these Call options was expected since yesterday was the last business day before LVS's ex-dividend date and there was $.00 time value remaining in these Call options.  So the Call owner exercised their option to buy the shares in order to capture today's $.25 per share ex-dividend.  The per share stock price had increased from $35.98 when this Las Vegas Sands Corp. position was originally established on April 28th to $38.31 (which was 12.7% in-the-money) at yesterday's market close.  I remain very cautious on the stock market during the upcoming weeks, so I plan to keep the majority of my investments in a money market fund (including the cash received from closing out this LVS position).

As detailed below, the actual return-on-investment result achieved for this Las Vegas Sands position was +1.7% absolute return (equivalent to +78.3% annualized return-on-investment) for the 8 days this position was held. 

Las Vegas Sands Corporation (LVS) -- Covered Calls Position Closed by Early Assignment
The buy/write transaction was:
4/28/2025 Bought 500 Las Vegas Sands shares @ $35.98
4/28/2025 Sold 5 LVS 5/16/2025 $34.00 Call options @ $2.56 per share.
Note: Implied Volatility (IV) of the Call options was 43.6 when this position was transacted which, as preferred, is above the current VIX of 25.8.   
5/6/2025 Covered Calls position closed out by early assignment, so 5 LVS Calls expired and my 500 shares of LVS stock sold at the $34.00 strike price.

The overall performance result (including commissions) for this Las Vegas Sands Corp. Covered Calls position is as follows:
Covered Calls Net Investment: $16,713.35
= ($35.98 - $2.56) * 500 shares + $3.35 commission

Net Profit Components:
(a) Options Income: +$1,276.65
= ($2.56 * 500 shares) - $3.35 commission
(b) Dividend Income (LVS Call options exercised early on May 5th, 2025, the last business day prior to the May 6th ex-div date): +$0.00

(c) Capital Appreciation: -$990.00

+($34.00 strike price - $35.98 stock purchase price) * 500 shares

Total Net Profit: +$286.65

= (+$1,276.65 options income + $0.00 dividend income - $990.00 capital appreciation)

Absolute Return-on-Investment: +1.7%

= +$286.65/$16,713.35

Annualized Return-on-Investment: +78.3%

= (+$286.65/$16,713.35) * (365/8 days)