Established Covered Calls in Qualcomm Inc.

This afternoon shortly before the market close (at 3:48pm), a Covered Calls position was established in Qualcomm Inc. (ticker QCOM) when the Covered Calls Advisor's buy/write limit order for the March 11th, 2022 $150.00s executed at a net debit price of $148.52.  Two hundred QCOM shares were purchased at $162.71 and 2 March 11th, 2022 $150.00 Calls were sold at $14.19 per share.  So, the corresponding time value (aka extrinsic value) was $1.48 per share = [$14.19 Call options premium - ($162.71 stock purchase price - $150.00 strike price)].  Given the Covered Calls Advisor's current cautious Overall Market Meter outlook, a deep in-the-money Covered Call position was established--the Delta was 80.8, which closely approximates the probability that the Call options will be in-the-money on the options expiration date.  In addition, the Implied Volatility of the Calls was significantly higher than normal for Qualcomm at 52.8 when the position was established. This elevated I.V. mirrored the substantially higher VIX, which was below 20 at the beginning of the year and today was trading above 33. 

Qualcomm Inc. goes ex-dividend at $.68 per share (1.7% annualized dividend yield at the current stock price) tomorrow, so this dividend is included in the potential return-on-investment results shown below. 

A potential return-on-investment result is +1.4% absolute return in 11 days (equivalent to a +48.1% annualized return-on-investment) if the Qualcomm stock is in-the-money and therefore assigned (i.e. sold) at the $150.00 strike price on the March 11th options expiration date.

Qualcomm Inc.(QCOM) -- New Covered Calls Position
The simultaneous buy/write transactions was as follows:
03/01/2022 Bought 200 shares of Qualcomm stock @ $162.71 per share 
03/01/2022 Sold 2 Qualcomm March 11th, 2022 $150.00 Call options @ $14.19 per share
03/02/2022 Upcoming ex-dividend at $.68 per share

The overall performance results (including commissions) would be as follows:
Covered Calls Cost Basis: $29,705.34
= ($162.71 - $14.19) * 200 shares + $1.34 commission

Net Profit Components:
(a) Options Income: +$2,836.66
= ($14.19 * 200 shares) - $1.34 commission
(b) Dividend Income (If Qualcomm stock assigned on March 11th options expiration date): $136.00
= $.68 dividend per share x 200 shares
(c) Capital Appreciation (If Qualcomm stock is above $150.00 strike price at the March 11th expiration): -$2,542.00
= ($150.00 - $162.71) * 200 shares

Total Net Profit (If stock assigned on March 11th options expiration date): +$430.66
= (+$2,836.66 options income +$136.00 dividend income -$2,542.00 capital appreciation)

Absolute Return-on-Investment: +1.4%
= +$430.66/$29,705.34
Equivalent Annualized Return: +48.1%
= (+$430.66/$29,705.34)*(365/11 days)