Covered Calls Established in Uber Technologies Inc.

Today my buy/write net debit limit order was executed and 500 shares of Uber Technologies Inc.(ticker symbol UBER) stock were purchased at $46.81 and 5 September 29th, 2023 $45.00 Call options were sold at $2.23 per share -- a net debit of $44.58 per share -- so the potential time value profit if the stock is in-the-money and therefore closed out by assignment at expiration is $.42 per share [$2.23 Call options premium - ($46.81 stock purchase price - $45.00 strike price)].  

This is a repeat of nine similar Covered Calls positions in Uber during the past five months and all were successfully assigned on their respective options expiration dates. Like the prior Uber positions, today's new position was established at an in-the-money strike price with an approximate probability when this position was established that the stock will be in-the-money and therefore assigned on the options expiration date of 75.1%.

As detailed below, a potential outcome for this Uber Technologies investment is +0.9% absolute return-on-investment for the next 11 days (equivalent to +31.5% annualized-return-on-investment) if the stock closes above the $45.00 strike price on the September 29th, 2023 options expiration date.

Uber Technologies Inc. (UBER) -- New Covered Calls Position

The net debit buy/write limit order was executed as follows:
9/18/2023 Bought 500 shares of Uber Technologies Inc. stock @ $46.81 per share.  
9/18/2023 Sold 5 Uber September 29th, 2023 $45.00 Call options @ $2.23 per share.
Note: this was a simultaneous Buy/Write transaction and the Implied Volatility of the Calls was 33.0 when this position was established.  

A possible overall performance result (including commissions) if this position is assigned on its 9/29/2023 options expiration date is follows:
Covered Calls Net Investment: $22,293.35
= ($46.81 - $2.23) * 500 shares + $3.35 commission

Net Profit Components:
(a) Options Income: +$1,116.50
= ($2.23 * 500 shares) - $3.35 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If Uber stock is above the $45.00 strike price at the September 29th expiration): -$905.00
= ($45.00 - $46.81) * 500 shares

Potential Total Net Profit (If assigned at expiration): +$211.50
= (+$1,116.50 options income + $0.00 dividend income - $905.00 capital appreciation)

Potential Absolute Return-on-Investment: +0.9%
= +$211.50/$22,293.35
Potential Equivalent Annualized-Return-on-Investment: +31.5%
= (+$211.50/$22,293.35) * (365/11 days)