Closed Covered Calls Position in Cardinal Health Inc.

At last Friday's (October 15th) options expiration, the Covered Calls position in Cardinal Health Inc. (CAH) expired with the stock price below the $50.00 strike price so the 300 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 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 Cardinal Health Inc. Covered Calls position was -1.9% absolute return in 27 days (equivalent to a -25.3% annualized return-on-investment). 

Cardinal Health Inc. (CAH) -- Covered Calls Position Closed

The buy/write transaction was:
09/22/2021 Bought 300 Cardinal Health Inc. shares @ $51.50
09/22/2021 Sold 3 CAH 10/15/2021 $50.00 Call options @ $1.94 per share
09/30/2021 Quarterly ex-dividend of $.4908 per share
10/15/2021 3 Cardinal Health Call options expired with the stock below the $50.00 strike price so the 300 shares remain in the Covered Calls Advisor Portfolio.
10/19/2021 Sold 300 CAH shares at $48.15 per share.

The overall performance results (including commissions) for this Cardinal Health Covered Calls position was as follows:
Covered Calls Cost Basis: $14,870.01
= ($51.50 - $1.94) * 300 shares + $2.01 commission

Net Profit Components:
(a) Options Income: +$579.99
= ($1.94 x 300 shares) - $2.01 commission
(b) Dividend Income: +$147.24
= ($.4908 dividend per share x 300 shares)
(c) Capital Appreciation (300 shares sold at $48.15): -$1,005.00
+($48.15 - $51.50) * 300 shares

Total Net Profit (Covered Calls position closed by selling 300 shares at $48.15): -$277.77

= (+$579.99 Call options income +$147.24 dividend income - $1,005.00 capital appreciation)

 Absolute Return-on-Investment: -1.9%

= -$277.77/$14,870.01

Annualized Return-on-Investment: -25.3%

= (-$277.77/$14,870.01) * (365/27 days)