Covered Call Position Established in Microsoft Corporation

With only ten minutes remaining until the market close today, my buy/write net debit limit order was executed and 100 shares of Microsoft Corporation (ticker symbol MSFT) stock were purchased at $316.80 and 1 October 6th, 2023 $310.00 Call option was sold at $10.78 per share -- a net debit of $306.02 per share.  So, the potential time value profit if the stock is in-the-money and therefore closed out by assignment at expiration is $3.98 per share [$10.78 Call option premium - ($316.80 stock purchase price - $310.00 strike price)].  The Delta was 66.2 which closely approximates a probability of assignment on the options expiration date of 66.2%.  

Microsoft achieved fourteen of the fifteen filters in my Growth Stock screener and the average analysts' target price for Microsoft is $386.95 which is +22.1% above today's purchase price.  

As detailed below, a potential outcome for this Microsoft Corporation investment is +1.3% absolute return-on-investment for the next 14 days (equivalent to +33.8% annualized-return-on-investment) if the stock closes above the $310.00 strike price on the October 6th, 2023 options expiration date.

Microsoft Corporation (MSFT) -- New Covered Call Position

The net debit buy/write limit order was executed as follows:
9/22/2023 Bought 100 shares of Microsoft stock @ $316.80 per share.  
9/22/2023 Sold 1 MSFT October 6th, 2023 $310.00 Call option @ $10.78 per share.

A possible overall performance result (including commissions) if this position is assigned on its 10/6/2023 option expiration date is as follows:
Covered Calls Net Investment: $30,602.67
= ($316.80 - $10.78) * 100 shares + $.67 commission

Net Profit Components:
(a) Options Income: +$1,077.33
= ($10.78 * 100 shares) - $.67 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If Microsoft stock is above the $310.00 strike price at the October 6th option expiration date): -$680.00
= ($310.00 - $316.80) * 100 shares

Potential Total Net Profit (If assigned at expiration): +$397.33
= (+$1,077.33 option income + $0.00 dividend income - $680.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.3%
= +$397.33/$30,602.67
Potential Equivalent Annualized-Return-on-Investment: +33.8%
= (+$397.33/$30,602.67) * (365/14 days)