Early Assignment of Covered Call Position in Home Depot Inc.

I was notified by Schwab via email early this morning that the one Home Depot Inc. (ticker HD) June 13th, 2025 Call option was exercised yesterday.  Despite the fact that the stock price has increased only very slightly (from $369.71 purchase price to $370.10 at yesterday's market close), the original Call option time value has decreased from the original $3.50 time value in the Call option when the position was established to only about $.25 at yesterday's market close.  So, with eight days remaining until the June 13th options expiration date, the owner of this Call exercised their option to buy the 100 shares at the $362.50 strike price in order to receive today's $2.30 per share ex-dividend.  Although I will not receive the ex-dividend, I am pleased with the +44.4% annualized-return-on-investment (aroi) result achieved since it exceeds the maximum +36.8% aroi that might have been achieved if this position instead remained in-the-money and would therefore be assigned on its June 13th, 2025 options expiration date.   

The post when this Home Depot Inc. Covered Call position was originally established is here.  As detailed below, the return-on-investment result for this Home Depot Covered Call position was +1.0% absolute return in 8 days (equivalent to a +44.4% annualized return-on-investment).

Home Depot Inc. (C) -- Covered Call Position Closed by Early Assignment

The simultaneous buy/write transaction was:
4/16/2025 Bought 100 Home Depot Inc. shares @ $369.71.
4/16/2025 Sold 1 Home Depot 6/13/2025 $362.50 Call option @ $10.71 per share.
6/5/2025 One Home Depot Call was exercised on the last business day prior to its June 5th, 2025 ex-dividend date, so the Call expired and the 100 Home Depot shares were sold at the $362.50 strike price.

The overall performance result (including commissions) for this Home Depot Covered Call position is as follows:
Covered Calls Cost Basis: $35,900.67
= ($369.71 - $10.71) * 100 shares + $.67 commission

Net Profit Components:
(a) Option Income: +$1,070.33
= ($10.71 * 100 shares) - $.67 commission
(b) Dividend Income (HD Call option exercised early on June 4th, 2025, the business day prior to the June 5th ex-div date): +$0.00

(c) Capital Appreciation (Early Assignment): -$721.00
+($362.50 strike price - $369.71 stock purchase price) * 100 shares

Total Net Profit: +$349.33

= (+$1,070.33 option income + $0.00 dividend income - $721.00 capital appreciation)

Absolute Return-on-Investment: +1.0%

= +$349.33/$35,900.67

Annualized Return-on-Investment: +44.4%

= (+$349.33/$35,900.67) * (365/8 days)