Established Covered Calls Position in Match Group Inc.

With less than 30 minutes remaining in today's trading session, my buy/write limit order for Match Group (ticker MTCH) was executed.  My net debit limit price was $40.52 and four hundred shares were purchased at $42.78 and five September 29th, 2023 Call options were sold at $2.26 at the $41.00 strike price.  The time value was $.64 per share = [$41.00 strike price - ($43.07 stock purchase price - $2.21 Call options price)].   Given my current cautious stock market outlook, a moderately in-the-money Covered Calls position was established with a Delta of 70.3 which approximates a 70.3% probability this position will be in-the-money and therefore assigned on the August 18th, 2023 options expiration date.  As desired, there is no earnings report prior to the options expiration date.

Three similar prior Covered Calls positions in the Match Group were assigned on their options expiration dates and I decided to follow-up today with a similar position since I remain bullish on the company's prospects.  The Match Group is the leading online dating services company worldwide including several brands that include Tinder, Match, and Hinge.  Match is profitable and their earnings per share and revenues seem to be at an inflection point where they have begun to obtain regular quarterly revenue and profit increases based on their worldwide presence and their growth opportunities (especially in Asia but also in Europe).  As shown in the detailed chart below, Match Group meets all 17 filters of my multifactor stock screener for Value+Profitability+Growth.  Also, Analysts' Average Target Price of $55.23 is +29.1% above today's $42.78 stock purchase price. 

As detailed below, the potential return-on-investment results for this Match Group Inc. Covered Calls position is +1.2% absolute return (equivalent to +38.6% annualized return-on-investment for the next 11 days) if the stock is assigned on the September 29th, 2023 options expiration date.

Match Group Inc. (MTCH) -- New Covered Calls Position

The buy/write transaction was:
9/18/2023 Bought 400 Match Group Inc. shares @ $42.78
9/18/2023 Sold 4 MTCH 9/29/2023 $41.00 Call options @ $2.26 per share.

A possible overall performance result (including commissions) for this Match Group Covered Calls position is as follows:
Match Group Covered Calls Net Investment: $16,210.68
= ($42.78 - $2.26) * 400 shares + $2.68 commission

Net Profit:
(a) Options Income: +$900.65
= ($2.26 * 400 shares) - $3.35 commission
(b) Dividend Income: +$0.00
= ($0.00 dividends per share x 400 shares)
(c) Capital Appreciation (If MTCH shares assigned at $41.00 strike price at expiration): -$712.00
+($41.00 - $42.78) * 400 shares

Total Net Profit (If options exercised on the 9/29/2023 options expiration date): +$188.65

= (+$900.65 options income +$0.00 dividend income -$712.00 capital appreciation)

Potential Absolute Return-on-Investment (If the Match Group Inc. shares are assigned at the $41.00 strike price at the Sept. 29th, 2023 options expiration date): +1.2%

= +$188.65/$16,210.68

Potential Annualized Return-on-Investment (If 400 Match Group shares assigned at $41.00 at the 9/29/2023 options expiration): +38.6%

= (+$188.65/$16,210.68) * (365/11 days)