Roll-Out-and-Up of Alibaba Group Holdings Ltd. Covered Calls

The price of Alibaba Group Holdings Ltd. (ticker BABA) spiked upward by over $9 per share today in response to its positive quarterly earnings report.  As a result, the time value remaining in the February 15th, 2019 Call options was reduced to only $.64 [$21.83 Feb 15th $145.00 Calls option value - ($166.19 share price - $145.00 strike price)] with 17 days remaining until the expiration date.  Alibaba is a core holding in the Covered Calls Advisor Portfolio, so a roll-out-and-up transaction to the March 15th, 2019 $155.00 Calls was transacted today with a net debit of $6.95 per share ($21.83 - $14.88).

As detailed below, a potential year-to-date return on investment for Alibaba (Position #2) is +12.6% absolute return in 74 days (equivalent to a +62.3% annualized return-on-investment).  

Alibaba Group Holdings Ltd. (Position #2) (BABA) -- Continuation Covered Calls Position
1/1/2019 200 Alibaba (Position #2) shares market value was $137.07
1/7/2019 Sold 2 BABA February 15, 2019 $145.00 Call options @ $6.40
Note: Price of BABA shares was $140.94 today when these Call options were sold
1/30/2019 Bought-to-Close 2 BABA Feb 15, 2019 $145.00 Call options @ $21.83
1/30/2019 Sold-to-Open 2 BABA March 15, 2019 $155.00 Call options @ $14.88
Note: this was a simultaneously executed roll-out-and-up transaction executed when BABA was at $166.19 per share.

A possible overall performance result (including commissions) for this Alibaba Covered Calls position is as follows:
Covered Calls Cost Basis: $27,414.00
= $137.07 per share *200 shares

Net Profit Components:
(a) Option Income: -$116.29
= ($6.40 -$21.83 +$14.88) * 200 shares - $6.29 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If BABA shares are above $155.00 strike price at Mar 15th expiration): +$3,581.05
= ($155.00 -$137.07) * 200 shares - $4.95 commission

Total Net Profit (If BABA shares assigned at expiration): +$3,464.76
= (-$116.29 options income +$0.00 dividend income +$3581.05 capital appreciation)

Absolute Return: +12.6%
= +$3,464.76/$27,414.00
Equivalent Annualized Return: +62.3%
= (+$3,464.76/$27,414.00)*(365/74 days)