Early Assignment of Covered Calls Position in Qualcomm Inc.

Early this morning, the Covered Calls Advisor was notified by my broker that the two Qualcomm Inc.(ticker QCOM) June 9th, 2023 $101.00 Call options were exercised yesterday.  Qualcomm stock has had a significant increase from its purchase price of $104.35 on May 23rd to $116.00 at the market close yesterday.  The original $1.02 time value in the Calls when the position was established had declined at yesterday's market close to $0.05 per share at the Call options Bid/Ask midpoint price, so I was not surprised that (with nine days remaining until the options expiration date), the owner of these Qualcomm Calls exercised their option to buy the 200 shares at the $101.00 strike price in order to receive today's $.80 per share ex-dividend.  

I am pleased for this early assignment (despite losing the opportunity to capture today's $.80 ex-dividend) since the +46.2% annualized-return-on-investment (aroi) achieved by early assignment is greater than the +36.8% aroi that would have been achieved 9 days from today if this position remained in-the-money and so instead would be assigned on its June 9th options expiration date.   

The post when this Qualcomm Covered Calls position was originally established is here.  As detailed below, the return-on-investment result for this position was +1.0% absolute return in 8 days (equivalent to a +46.2% annualized return-on-investment).  

Qualcomm Inc. (QCOM) -- Covered Calls Position Closed Out by Early Assignment
The simultaneous buy/write transactions was as follows:
5/23/2023 Bought 200 shares of Qualcomm stock @ $104.35 per share.  
5/23/2023 Sold 2 Qualcomm June 9th, 2023 $101.00 Call options @ $4.37 per share.
5/31/2023 This QCOM Covered Calls position was closed out by early assignment.  The owner of the QCOM Calls exercised their option, so the Calls expired worthless and the 200 Qualcomm shares were sold at the $101.00 strike price.

The overall performance results (including commissions) are as follows:
Covered Calls Net Investment: $19,994.66
= ($104.35 - $4.37) * 200 shares + $1.34 commission

Net Profit Components:
(a) Options Income: +$872.66
= ($4.37 * 200 shares) - $1.34 commission
(b) Dividend Income (Qualcomm stock assigned early on the day prior to the May 31st ex-dividend date): $0.00
(c) Capital Appreciation (QCOM stock assigned early on the day prior to the May 31st ex-dividend date): -$670.00
= ($101.00 strike price - $104.35 stock purchase price) * 200 shares

Net Profit: +$202.66
= (+$872.66 options income +$0.00 dividend income - $670.00 capital appreciation)

Absolute Return-on-Investment: +1.0%
= +$202.66/$19,994.66
Equivalent Annualized Return-on-Investment: +46.2%
= (+$202.66/$19,994.66) * (365/8 days)