Continuation of Covered Calls Position in Capital One Financial Corporation

The Covered Calls Advisor Portfolio has a Covered Calls position in Capital One Financial Corporation (ticker COF) which expired last Friday with the stock at $207.87 which was below the $212.50 strike price.  Today this position was continued by rolling out to the December 5th, 2025 monthly options expiration at the same $212.50 strike price by selling-to-open two Calls at $3.76 per share when Capital One's stock price was $211.45.  

As detailed below, a potential outcome for this Capital One investment if the stock is in-the-money and therefore assigned on the options expiration date is +3.1% absolute return-on-investment over 22 days (equivalent to +50.7% annualized-return-on-investment) if the stock closes above the $212.50 strike price on the 12/5/2025 options expiration date.  The details showing this potential return-on-investment result are as follows:

Capital One Financial Corporation (COF) -- Continuation of Covered Calls Position

The buy/write transaction was:
11/13/2025 Bought 200 Capital One Financial shares @ $217.40
11/13/2025 Sold 2 Capital One 11/21/2025 $212.50 Call options @ $7.00
11/17/2025 Quarterly ex-dividend of $.80 per share
11/21/2025 Two COF Call options expired out-of-the-money and the 200 Capital One shares remain in the Covered Calls Advisor Portfolio.

11/25/2025 Continued this Capital One Covered Calls position by selling two 12/5/2025 $212.50 Calls at $3.76 when the stock price was $211.45.

A possible overall performance result (including commissions) for this Capital One Covered Calls position if the stock closes in-the-money (and is therefore assigned) on its 12/5/2025 options expiration date is as follows:
Covered Calls Net Investment: $43,481.34
= ($217.40 - $7.00) * 200 shares + $1.34 commission

Net Profit Components:
(a) Options Income: +$2,149.32
= ($7.00 + $3.76) * 200 shares - $2.68 commissions
(b) Dividend Income: +$160.00
= ($.80 dividend per share x 200 shares)

(c) Capital Appreciation (If Capital One Call options assigned on the 12/5/2025 options expiration date): -$980.00
+($212.50 strike price - $217.40 stock purchase price) * 200 shares

Total Net Profit (If Capital One shares assigned at $212.50 at the 12/5/2025 expiration): +$1,329.32

= (+$2,149.32 options income + $160.00 dividend income - $980.00 capital appreciation)

Absolute Return-on-Investment (If Capital One shares assigned at $212.50 at the 12/5/2025 options expiration): +3.1%

= +$1,329.32/$43,481.34

Annualized Return-on-Investment (If Capital One shares assigned at $212.50 at the 12/5/2025 options expiration date): +50.7%

= (+$1,329.32/$43,481.34) * (365/22 days)