December 24th, 2020 Options Expiration -- Best Buy Inc. Covered Calls Position Assigned

The December 24th, 2020 $100.00 Covered Calls position in Best Buy Inc. (ticker BBY) expired in-the-money, so the 200 shares of Best Buy stock were assigned (i.e. sold) at the $100.00 strike price.  As detailed below, the return-on-investment (ROI) result was  +2.2% absolute return (equivalent to +48.0% annualized return-on-investment for the 17 days holding period).

Best Buy Inc. (BBY) -- Covered Calls Position Closed
The transactions were:
12/08/2020 Bought 200 BBY shares @ $103.05
12/08/2020 Sold 2 BBY Dec. 24, 2020 $100.00 Call options @ $4.70 per share.
Note: the Implied Volatility for these Call options was 31.8 when this simultaneous buy/write transaction was executed.
12/14/2020 Quarterly ex-dividend of $.55 per share
12/24/2020 200 shares of Best Buy stock closed in-the-money, so the two 12/24/2020 $100.00 Call options expired and the 200 shares of BBY stock were sold at the $100.00 strike price.
Note: the price of BBY stock was $102.55 at the market close on 12/24/2020.

The overall performance result (including commissions) for this Best Buy Covered Calls position was as follows:
Covered Calls Position Cost Basis: $19,671.34
= ($103.05 stock price - $4.70 options price) *200 shares +$1.34 commissions

Net Profit:
(a) Options Income: +$940.00
= ($4.70 *200 shares)
(b) Dividend Income (BBY assigned at Dec 24th, 2020 expiration): +$110.00
= ($.55 dividend per share x 200 shares)

(c) Capital Appreciation: -$610.00
+($100.00 -$103.05) *200 shares

Total Net Profit (Best Buy shares assigned at $100.00 strike price at expiration): +$440.00

= (+$940.00 options income +$110.00 dividend income -$610.00 capital appreciation)

Absolute Return (BBY assigned at $100.00 on Dec 24th, 2020 expiration date): +2.2%

= +$440.00/$19,671.34

Annualized Return-on-Investment: +48.0%

= (+$440.00/$19,671.34)*(365/17 days)

Happy Holidays!
Jeff