Continuation of Covered Calls in American Eagle Outfitters Inc.

Last Friday's Covered Calls position in American Eagle Outfitters Inc. (ticker AEO) expired out-of-the-money. Despite losses so far in this position, my positive outlook for American Eagle remains unchanged. So, this morning when the stock price was $21.55, this Covered Calls position repair effort was continued by selling five March 18th, 2022 $23.00 Call options at $.82 per share. The details of this position since it was originally established are provided below.

American Eagle Outfitters Inc. (AEO) -- Continuation of Covered Calls Position
The transaction today was as follows:
11/24/2021 Bought 500 American Eagle Outfitters Inc. shares @ $27.43
11/24/2021 Sold 5 AEO 12/17/2021 $26.00 Call options @ $2.11
12/09/2021 Quarterly ex-dividend of $.18 per share
12/17/2021 5 Call options expired out-of-the-money and 500 shares of AEO retained in the Covered Calls Advisor Portfolio.
12/23/2021 Sold 5 AEO 12/31/2021 $24.00 Call options @ $.22 per share when the stock price was $23.23 per share.
12/30/2021 Rolled-Up-and-Out: Bought-to-Close the 12/31/2021 $24.00 Calls for $1.92 and simultaneously Sold-to-Open the 1/7/2022 $26.00 Calls at $.77.  The AEO stock price was $25.90 when this debit spread transaction was executed.
1/07/2021 Rolled-Down-and-Out: Bought-to-Close the 1/07/2022 $26.00 Calls for $.01 and simultaneously Sold-to-Open the 1/14/2022 $25.00 Calls at $.44.  The AEO stock price was $23.99 when this credit spread transaction was executed.
1/14/2022 5 AEO Calls expired out-of-the-money so the 500 shares remain in the Covered Calls Advisor Portfolio.
1/24/2022 Continued the American Eagle Covered Calls position by rolling it out to the February 18th, 2022 $23.00 strike by selling 5 AEO Calls at $.70 per share.
2/18/2022 5 AEO Calls expired out-of-the-money so the 500 shares remained in the Covered Calls Advisor Portfolio.
2/22/2022 Continued this American Eagle Covered Calls position by selling 5 March 18th, 2022 $23.00 Call options @ $.82 per share.

Two possible overall performance results (including commissions) for this American Eagle Outfitters Inc. Covered Calls position are as follows:
Covered Calls Cost Basis: $12,663.35
= ($27.43 - $2.11) * 500 shares + $3.35 commissions

Net Profit Components:
(a) Options Income: +$1,548.25
= ($2.11 + $.22 - $1.92 +$.77 - $.01 +$.44 + $.70 +$.82) * 500 shares - $13.40 commissions
(b) Dividend Income: +$90.00
= $.18 per share x 500 shares
(c) Capital Appreciation (If American Eagle share price unchanged at $21.55 at the March 18th, 2022 expiration): -$2,940.00
= +($21.55 - $27.43) * 500 shares ;or
(c) Capital Appreciation (If AEO shares assigned at $23.00 strike price at the 3/18/2022 options expiration): -$2,215.00
= +($23.00 - $27.43) * 500 shares

1. Total Net Profit (If American Eagle share price unchanged at $21.55 at the March 18th, 2022 expiration): -$1,301.75

= (+$1,548.25 options income +$90.00 dividend income - $2,940.00 capital appreciation); or

2. Total Net Profit (If AEO shares assigned at $23.00 strike price at the March 18th, 2022 expiration): -$576.75

= (+$1,548.25 + $90.00 - $2,215.00)

1. Absolute Return-on-Investment (If American Eagle share price unchanged at $21.55 at the March 18th, 2022 expiration): -10.3%

= -$1,301.75/$12,663.35

Annualized Return-on-Investment: -32.6%

= (-$1,301.75/$12,663.35) * (365/115 days); or

2. Absolute Return-on-Investment (If AEO shares assigned at $23.00 strike price at the March 18th, 2022 options expiration date): -4.6%

= -$576.75/$12,663.35

Annualized Return-on-Investment (If AEO stock assigned at $23.00 at the March 18th, 2022 expiration): -14.5%

= (-$576.75/$12,663.35) *(365/115 days)