Closed Out Covered Calls Position in Archer-Daniels-Midland Company

At last Friday's options expiration, two August 28th, 2023 Covered Calls in Archer-Daniels-Midland Company (ticker ADM) expired out-of-the-money with the stock price below the $83.00 strike price, so the Calls expired and the 200 ADM shares remained in the Covered Calls Advisor Portfolio.  I now realize that I didn't perform adequate due diligence prior to establishing this position.  The current quarter's earnings per share estimate is 16% below last year's comparable quarter, and my current objective is to establish positions in companies whose current quarter earnings are expected to exceed last year's result.  So, for that reason combined with the ADM's steady stock price decline since its last earnings report, I decided to limit my loss and close out this position Monday morning when the ADM stock price was at $81.29.    

As detailed below, the return-on-investment results for this Archer-Daniels-Midland position was: -1.0% absolute return in 17 days (equivalent to a -22.0% annualized return-on-investment).  

Archer-Daniels-Midland Company (ADM) -- Covered Calls Position Closed Out by Decision

The buy/write transaction was:
8/11/2023 Bought 200 Archer-Daniels-Midland Co. shares @ $85.15
8/11/2023 Sold 2 ADM 8/25/2023 $83.00 Call options @ $2.57 per share
Note: the Implied Volatility of the Call options was 17.5 when this buy/write transaction was executed.
8/15/2023 Quarterly ex-dividend of $.45 per share
8/25/2023 Two ADM $83.00 Calls expired out-of-the-money at options expiration, so 200 ADM shares remain in the Covered Calls Advisor Portfolio. 
8/28/2023 Closed out this ADM Covered Calls position by selling 200 ADM shares at $81.29 per share.

The overall performance results (including commissions) for this Covered Calls position were as follows:
Covered Calls Net Investment: $16,517.34
= ($85.15 - $2.57) * 200 shares + $1.34 commission

Net Profit Components:
(a) Options Income: +$512.66
= ($2.57 * 200 shares) - $1.34 commission
(b) Dividend Income: $90.00
= ($.45 dividend per share x 200 shares)
(c) Capital Appreciation (200 ADM shares sold at $81.29 per share): -$772.00
+($81.29 - $85.15) * 200 shares

Total Net Profit: -$169.34

= (+$512.66 options income +$90.00 dividend income -$772.00 capital appreciation)

Absolute Return-on-Investment: -1.0%

= -$169.34/$16,517.34

Annualized Return-on-Investment: -22.0%

= (-+$169.34/$16,517.34) * (365/17 days)