As detailed below, a potential outcome for this Corning investment if the stock is in-the-money and therefore assigned on the options expiration date is +1.6% absolute return-on-investment over 24 days (equivalent to +24.8% annualized-return-on-investment) if the stock closes above the $83.00 strike price on the 12/5/2025 options expiration date. The details showing this potential return-on-investment result are as follows:
Corning Inc. (GLW) -- Continuation of Covered Calls Position
The buy/write transaction was:
11/11/2025 Bought 200 Corning Inc. shares @ $87.75
11/11/2025 Sold 2 Corning 11/21/2025 $85.00 Call options @ $3.95
Note: the Implied Volatility of the Call options was 38.5 when this buy/write transaction was executed.
11/14/2025 Quarterly ex-dividend of $.28 per share
11/21/2025 Two Corning 11/21/2025 $85.00 Calls expired out-of-the-money, so the 200 GLW shares remain in the Covered Calls Advisor Portfolio.
11/24/2025 Continued this Corning Covered Calls position by rolling down-and-out by selling two 12/5/2025 $83.00 Call options at $1.90 per share (when the stock price was $81.86).
A possible overall performance result (including commissions) for this Corning Inc. Covered Calls position is as follows:
Covered Calls Cost Basis: $16,761.34
= ($87.75 - $3.95) * 200 shares + $1.34 commission
Net Profit Components:
(a) Options Income: +$1,167.32
= ($3.95 + $1.90) * 200 shares - $2.68 commission
(b) Dividend Income: +$56.00 = $.28 dividend per share x 200 shares
