Continuation of GoHealth Inc. Covered Calls

At the November 20th, 2020 options expiration date, the Covered Calls position in GoHealth Inc. (ticker symbol GOCO) expired with the stock price at $11.63, well below the $15.00 strike price.  So, the October monthly Call options expired and the 400 shares of GoHealth Inc. stock were retained in the Covered Calls Advisor Portfolio.  Today, with the GoHealth stock price at $11.62, a sell-to-open order was executed to sell 4 December 18th, 2020 Call options at the $12.50 strike price for $.30 per share to continue this Covered Calls position.  This stock has declined substantially (by 22.5%) since it was bought; but by receiving good income by selling Calls each month, this ongoing Covered Calls position is currently only at a small net loss of $252.00.  Despite this stock decline, the Covered Calls Advisor remains bullish on its current business.  GoHealth is experiencing a large sales growth this quarter versus the same quarter last year because of their expansion of both insurance providers and geographies compounded by the growth in Medicare Advantage policies and the growing reliance by both providers and consumers on e-brokers such as GoHealth.  By continuing with this Covered Calls position by selling the December monthly Calls, the Covered Calls Advisor is attempting to repair this position back to a small net profit.

As detailed below, two potential return-on-investment results for this GoHealth Inc. position are: (1) -3.8% absolute return in 117 days (equivalent to a -11.8% annualized return-on-investment) if the stock price is unchanged at $11.62 at the December 18th, 2020 options expiration; or (2) +2.5% absolute return in 117 days (equivalent to a +7.8% annualized return-on-investment) if the stock closes above the $12.50 strike price.

GoHealth Inc. (GOCO) -- Continuation of Covered Calls Position
The Buy/Write transaction was as follows:
08/24/2020 Bought 400 shares of GoHealth Inc. stock @ $15.00 per share 
08/24/2020 Sold 4 GoHealth Sept 18th, 2020 $15.00 Call options @ $1.05 per share
Note: the Implied Volatility of these Calls was very high at 61.6 today when this transaction was made.
09/18/2020 GOCO Call options expired since stock closed below the strike price
09/23/2020 Sold 4 GOCO Oct 16th, 2020 $15.00 Call options at $.80 against the 400 shares of GoHealth stock to continue the GoHealth Covered Calls position.
Note: the price of GOCO was $14.54 today when these Call options were sold.
10/16/2020 GOCO Call options expired since stock closed below the strike price
11/04/2020 Sold 4 GOCO Nov. 20th, 2020 $12.50 Call options at $.70 against the 400 shares of GoHealth stock to continue the GoHealth Covered Calls position.
Note: the price of GOCO was $11.82 today when these Call options were sold.
11/20/2020 GOCO Call options expired since stock closed below the strike price
12/04/2020 Sold 4 GOCO Dec. 18th, 2020 $12.50 Call options at $.30 against the 400 shares of GoHealth stock to continue the GoHealth Covered Calls position.
Note: the price of GOCO was $11.62 today when these Call options were sold.

Two possible overall performance results (including commissions) are as follows:
Covered Call Cost Basis: $5,582.68
= ($15.00 - $1.05) * 400 shares + $2.68 commission

Net Profit Components:
(a) Options Income: +$1,140.00
= ($1.05 + $.80 + $.70 + $.30) * 400 shares
(b) Dividend Income: +$0.00 
(c) Capital Appreciation (If GoHealth stock is unchanged at $11.62 at Dec 18th expiration): -$1,352.00
= ($11.62 - $15.00) * 400 shares; OR
(c) Capital Appreciation (If GoHealth stock is above $12.50 strike price at Dec. 18th expiration): -$1,000.00
= ($12.50 - $15.00) * 400 shares

1. Total Net Profit (If GOCO stock unchanged at $11.62 at options expiration): -$212.00
= (+$1,140.00 options income +$0.00 dividend income -$1,352.00 capital appreciation)
2. Total Net Profit (If GOCO stock closes above $12.50 at Dec. 18th options expiration): +$140.00
= (+$1,140.00 options income +$0.00 dividend income -$1,000.00 capital appreciation)

1. Absolute Return (If GoHealth stock unchanged): -3.8%
= -$212.00/$5,582.68
Equivalent Annualized Return: -11.8%
= (-$212.00/$5,582.68)*(365/117 days)
2. Absolute Return (If stock closes above $12.50 strike price at options expiration): +2.5%
= +$140.00/$5,582.68
Equivalent Annualized Return: +7.8%
= (+$140.00/$5,582.68)*(365/117 days)