Closed Covered Calls Position in Tyson Foods Inc.

At last Friday's (September 17th) options expiration, the Covered Calls position in Tyson Foods Inc. (TSN) expired with the stock price below the $77.50 strike price so the 400 shares remained in the Covered Calls Advisor Portfolio.  This morning, the Covered Calls Advisor decided not to attempt to repair this position back to profitability but instead to close it out at a small loss as detailed below.  The cash proceeds will remain in the Covered Calls Portfolio and will be available whenever a new Covered Calls (or Cash-Secured Puts) position is established.  

The return-on-investment results for this Tyson Foods Covered Calls position was -0.9% absolute return in 27 days (equivalent to a -12.7% annualized return-on-investment). 

Tyson Foods Inc. (TSN) -- Covered Calls Position Closed

The buy/write transaction was:
08/24/2021 Bought 400 Tyson Foods shares @ $79.25
08/24/2021 Sold 4 TSN 07/17/2021 $77.50 Call options @ $2.35
08/31/2021 Upcoming quarterly ex-dividend of $.445 per share
09/17/2021 4 Tyson Call options expired with the stock below the $77.50 strike price so the 400 shares remain in the Covered Calls Advisor Portfolio.
9/20/2021 Sold 400 Tyson Foods shares at $75.74 per share.

The overall performance results (including commissions) for this Tyson Foods Covered Calls position was as follows:
Covered Calls Cost Basis: $30,762.68
= ($79.25 - $2.35) * 400 shares + $2.68 commission

Net Profit Components:
(a) Options Income: +$937.32
= ($2.35 x 400 shares) - $2.68 commission
(b) Dividend Income: +$178.00
= ($.445 dividend per share x 400 shares)
(c) Capital Appreciation (400 shares sold at $75.74): -$1,404.00
+($75.74 - $79.25) * 400 shares

Total Net Profit (Covered Calls position closed by selling 400 shares at $75.74): -$288.68

= (+$937.32 Call options income +$178.00 dividend income - $1,404.00 capital appreciation)

 Absolute Return-on-Investment: -0.9%

= -$288.68/$30,762.68

Annualized Return-on-Investment: -12.7%

= (-$288.68/$30,762.68) * (365/27 days)