March 11th, 2022 Options Expiration Results

The Covered Calls Advisor Portfolio had one weekly Covered Calls position with a March 11th, 2022 options expiration date.  The Covered Calls position in Qualcomm Inc. (ticker QCOM) expired in-the-money, so the 200 Qualcomm shares were assigned (i.e. sold) today at the $150.00 strike price.  As detailed below, the return-on-investment (ROI) result was  +1.4% absolute return (equivalent to +48.1% annualized return-on-investment for the 11 days holding period).

Qualcomm Inc. (QCOM) -- Covered Calls Position Closed Out by Assignment on the March 11th, 2022 Options Expiration Date
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 Ex-dividend at $.68 per share
03/11/2022 The stock price of $152.34 was in-the-money (i.e. above the $150.00 strike price) on the 3/11/2022 options expiration date, so the options expired and the 200 shares were sold at the $150 strike price to close out this Covered Calls position.

The overall performance results (including commissions) was 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 (Qualcomm stock assigned on March 11th options expiration date): $136.00
= $.68 dividend per share x 200 shares
(c) Capital Appreciation: -$2,542.00
= ($150.00 strike price - $162.71 original stock purchase price) * 200 shares

Total Net Profit (Qualcomm stock assigned on the 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-on-Investment: +48.1%
= (+$430.66/$29,705.34)*(365/11 days)