Closed Covered Calls Position in the Energy Select Sector SPDR Fund ETF

Last Friday, a Covered Calls position was established in the Energy Select Sector SPDR Fund ETF (XLE) with an October 15th, 2021 options expiration date. On Monday, XLE went ex-distribution at $.5919 per share and today Energy is the leading Sector in a strong upward market. So I decided to close out the position today at an annualized return-on-investment (aroi) of +21.7% rather than waiting for a potential maximum aroi of +25.1% if the position were to be instead assigned on the Oct. 15th options expiration date.  Since XLE was the only Energy Sector position in the Covered Calls Advisor Portfolio, I decided to replace the XLE with another Covered Calls position in a different Energy Sector company (Pioneer Natural Resources Co.) also using the Dividend Capture Strategy.  This conservative Pioneer position provides a higher potential annualized return-on-investment of +40.3% than the potential +25.1% aroi if the XLE position had been maintained until the October 15th, 2021 options expiration.  

As detailed below, the return-on-investment results for this Energy Select Sector SPDR Fund ETF Covered Calls position was +0.3% absolute return in 5 days (equivalent to a +21.7% annualized return-on-investment). 

Energy Select Sector SPDR Fund ETF (XLE) -- Closed this Covered Calls Position
The buy/write transaction was as follows:
9/17/2021 Bought 300 shares of the Energy Select Sector SPDR Fund @ $49.39 per share 
9/17/2021 Sold 3 XLE Oct. 15th, 2021 $47.00 Call options @ $2.73 per share
Note: the Implied Volatility of these Call options was 24.2 when this position was established.
9/20/2021 Ex-distribution of $.5919 per share
9/22/2021 Unwound the XLE Covered Calls position by simultaneously selling-to-close 300 XLE shares at $49.14 per share and buying-to-close 3 XLE Oct. 15th $47.00 Calls @ $2.92 per share.

The overall performance result (including commissions) was as follows:
Covered Calls Cost Basis: $14,000.01
= ($49.39 - $2.73) * 300 shares + $2.01 commission

Net Profit Components:
(a) Options Income: - $61.02
= ($2.73 - $2.92) * 300 shares -$4.02 commissions
(b) Quarterly Distribution Income: +$177.57
= $.5919 per share x 300 shares 
(c) Capital Appreciation (XLE shares sold at $49.14 per share): -$75.00
= ($49.14 -$49.39) * 300 shares

Total Net Profit: +$41.55
= (-$61.02 options income +$177.57 distribution income -$75.00 capital appreciation)

Absolute Return-on-Investment: +0.3%
= +$41.55/$14,000.01
Equivalent Annualized Return-on-Investment: +21.7%
= (+$41.55/$14,000.01)*(365/5 days)