Covered Calls Position Closed for CVS Health Corporation

Last Friday, the Covered Calls position in CVS Health Corporation (ticker CVS) expired out-of-the-money since the closing stock price Friday of $66.29 was well below the $70.00 strike price.  CVS Health's stock price increased today along with the overall market, and I decided to close out the position by selling the 300 CVS shares at $67.67.  The resulting return-on-investment loss for this short-term (i.e. 12 days) position is detailed below.

CVS Health Corp. (CVS) -- New Covered Calls Position

The buy/write transaction was:
10/18/2023 Bought 300 CVS shares @ $70.91
10/18/2023 Sold 3 CVS 10/27/2023 $70.00 Call options @ $1.32
10/19/2023 Quarterly ex-dividend of $.605 per share
10/27/2023 3 CVS $70.00 Call options expired out-of-the-money and the 300 CVS shares remained in the Covered Calls Advisor Portfolio. 

10/30/2023 This CVS Covered Calls position was closed out by selling 300 shares at $67.77 per share.

The overall performance results (including commissions) for this CVS Health Covered Calls position was as follows:
CVS Covered Calls Net Investment: $20,879.01
= ($70.91 - $1.32) * 300 shares + $2.01 commission

Net Profit Components:
(a) Options Income: +$393.99
= ($1.32 * 300 shares) - $2.01 commission
(b) Dividend Income: +$181.50
= ($.605 dividend per share x 300 shares)

(c) Capital Appreciation (300 CVS shares sold at $67.67 per share: -$972.00
= +($67.67 - $70.91) * 300 shares

Total Net Loss: -$396.51

= (+$393.99 options income +$181.50 dividend income -$972.00 capital appreciation)

Absolute Return-on-Investment: -1.9%

= -$396.51/$20,879.01

Annualized Return-on-Investment: -57.8%

= (-$396.51/$20,879.01) * (365/12 days)