Established Covered Calls Position in SK hynix Inc. ADR

A new Covered Calls position of two weeks duration was established this afternoon in SK hynix Inc. ADR (ticker SKHY).  My buy/write net debit limit order at $145.62 was executed and the time value was $4.38 per share [$13.48 Call options premium - ($159.10 stock purchase price - $150.00 strike price)].  An in-the-money strike price was established with the probability that SK hynix's stock will close in-the-money (i.e. above the $150.00 strike price) on the 9/11/2026 options expiration date was 64.7% when this transaction was executed.  This is the second SK hynix Covered Calls position in the Covered Calls Advisor Portfolio and serves as a continuation of the first SK hynix Covered Calls position, whose expiration date is tomorrow.  The first position is also at the $150.00 strike price, so it will likely be closed out (i.e. assigned) after tomorrow's market close.  As preferred, their next quarterly earnings report on October 27th is well after the September 11th options expiration date  

SK hynix (based in South Korea) is one of the three major HBM (High Bandwidth Memory) suppliers -- the other two being Samsung and Micron.  But SK hynix is the leader with about 58% of this market and is also the #1 HBM supplier to NVIDIA.    

As detailed below, a potential return-on-investment result if SK hynix Inc. ADR's share price is in-the-money (i.e. above the $150.00 strike price) and therefore assigned on its September 11th, 2026 options expiration date is +3.0% absolute return-on-investment (equivalent to +73.1% annualized return-on-investment for the next 15 days).

SK hynix Inc. ADR (SKHY) -- New Covered Calls Position

The buy/write net limit order transaction was as follows:
8/27/2026 Bought 200 SK hynix Inc. ADR shares at $159.10.

8/27/2026 Sold 2 SK hynix 9/11/2026 $150.00 Call options @ $13.48 per share.  The Implied Volatility of these Calls was 64.7 when this position was established, which is well above (as preferred) the current value of the S&P 500 Volatility Index (i.e. VIX) which was 14.7.

A possible overall performance result (including commissions) for this SK hynix Covered Calls position is as follows:

Covered Calls Net Investment: $29,125.34
= ($159.10 - $13.48) * 200 shares + $1.34 commission

Net Profit:
(a) Options Income: +$2,694.66
= ($13.48 * 200 shares) - $1.34 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If 200 SK hynix shares assigned (i.e. above the $150.00 strike price) on the 9/11/2026 options expiration date): -$1,820.00

+($150.00 strike price - $159.10 stock purchase price) * 200 shares

Total Net Profit Potential (If 200 SK hynix shares assigned at the $150.00 strike price on the 9/11/2026 options expiration date): +$874.66

= (+$2,694.66 options income + $0.00 dividend income - $1,820.00 capital appreciation)

Potential Absolute Return-on-Investment (If 200 SK hynix shares assigned (i.e. sold) at the $150.00 strike price on the 9/11/2026 options expiration date): +3.0%

= (+$874.66/$29,125.34)

Potential Annualized Return-on-Investment (If 200 SK hynix shares assigned at the $150.00 strike price on the 9/11/2026 options expiration date): +73.1%

= (+$874.66/$29,125.34) * (365/15 days)