Continuation of Covered Calls Position in CommScope Holdings Co. Inc.

Today, the Covered Calls position in CommScope Holdings Co. Inc. (ticker symbol COMM) was continued by selling 5 Dec. 20th, 2019 $15.00 Calls at $.70 per share against the 500 shares of CommScope shares currently held.

As detailed below, the overall return-on-investment result for this CommScope Holdings Co. Inc. position if the stock is in-the-money (i.e. above the $15.00 strike price) at expiration is +12.6% absolute return in 164 days (equivalent to a +28.1% annualized return-on-investment).  


CommScope Holdings Co. Inc. (COMM) -- Continuation Covered Calls Position
The transactions to-date are as follows:
07/10/2019  Sold 5 COMM August 16th, 2019 $15.00 100% Cash-Secured Put options @ $.80
Note: the price of CommScope stock was $15.56 when this transaction was executed.
08/16/2019 Stock was below strike price at expiration, so 5 Put options expired and 500 shares of CommScope were purchased at $15.00 per share.
09/11/2019 Sold 5 COMM Sept 20, 2019 $13.00 Call options at $.40 per share
Note: the price of COMM stock was $13.01 when these Calls were sold
9/20/2019 5 COMM Call options expired
11/7/2019 Sold 5 Dec. 20, 2019 $15.00 Call options to continue existing Covered Calls position.

A possible overall performance result (including commissions) for this CommScope Holdings Covered Calls position is as follows:
Covered Calls Cost Basis: $7,508.30
= $15.00 *500 shares + $8.30 commission

Net Profit Components:
(a) Options Income: +$946.65
= ($.80 +$.40 +$.70) * 500 shares - $3.35 commission
(b) Dividend Income: +$0.00

(c) Capital Appreciation (If COMM shares assigned at $15.00 strike price at options expiration): +$0.00
=($15.00-$15.00)* 500 shares

Total Net Profit (If CommScope shares assigned at $15.00 at Dec 20, 2019 expiration): +$946.65

= (+$946.65 +$0.00 +$0.00)

Absolute Return: +12.6%

= +$946.65/$7,508.30

Annualized Return: +28.1%

= (+$946.65/$7,508.30)*(365/164 days)