Continuation of Covered Call Position in Meta Platforms Inc.

The Covered Call position in Meta Platforms Inc.(FB) expired well out-of-the-money at last Friday's options expiration date. Today, this Meta Platforms Covered Call position was continued by selling 1 March 18th, 2022 $215.00 Call option at $5.90 per share against the 100 FB shares currently held.  I retain my original conviction when the position was established that Meta's valuation is attractive--so by continuing with this position, I am attempting to nurse this losing position back toward profitability. Details of this position's transactions to-date and two potential return-on-investment outcomes are provided below.
  
Meta Platforms Inc. (FB) -- Continuation of Covered Call Position

The Covered Calls Advisor's buy/write limit order was transacted as follows:
2/3/2022 Bought 100 Meta Platforms shares @ $237.11
2/3/2022 Sold 1 Meta 2/18/2022 $225.00 Call option @ $18.74. 
2/18/2022 FB stock price was out-of-the-money (i.e. below the $225.00 strike price), so the option expired worthless and the 100 Meta shares were retained in the Covered Calls Advisor Portfolio.
2/25/2022 Sold 1 Meta 3/18/2022 $215.00 Call option at $5.90 per share against the 100 Meta shares owned to continue this Covered Calls position.  Note: Meta's stock price was $208.90 when this transaction was executed.

Two possible overall performance results (including commissions) for this Meta Platforms Covered Call position is as follows:
Covered Call Cost Basis: $21,837.67
= ($237.11 - $18.74) * 100 shares + $.67 commission

Net Profit Components:
(a) Option Income: +$2,462.66
= ($18.74 + $5.90) * 100 shares - $1.34 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If FB share price unchanged at $208.90 at options expiration date): -$2,821.00
+($208.90 - $237.11) * 100 shares; or
(c) Capital Appreciation (If FB shares assigned at $215.00 strike price at the 3/18/2022 options expiration date): -$2,211.00
+($215.00 - $237.11) * 100 shares

1. Total Net Profit (If Meta Platforms price unchanged at $208.90 at the March 18th, 2022 expiration): -$358.34

= (+$2,462.66 option income +$0.00 dividend income -$2,821.00 capital appreciation); or

2. Total Net Profit (If Meta Platforms shares assigned at $215.00 strike price at the March 18th, 2022 expiration): +$251.66

= (+$2,462.66 option income +$0.00 dividend income -$2,211.00 capital appreciation) 

 

1. Absolute Return-on-Investment  (If Meta shares price unchanged at $208.90 on the March 18th, 2022 expiration date): -1.6%

= -$358.34/$21,837.67

Annualized Return-on-Investment: -13.6%

= (-$358.34/$21,837.67) * (365/44 days); or

2. Absolute Return-on-Investment  (If Meta shares assigned at $215.00 on the March 18th, 2022 expiration date): +1.2%

= +$251.66/$21,837.67

Annualized Return-on-Investment: +9.6%

= (+$251.66/$21,837.67) * (365/44 days)