Continuation of Covered Calls Position in Match Group Inc.

The Covered Calls positions in Match Group Inc. (ticker MTCH) closed out-of-the-money on its options expiration date last Friday, so the Calls expired and shares remained in the Covered Calls Advisor Portfolio.  This afternoon, I decided to continue this Covered Calls position by selling Call options to roll out to the December 15th, 2023 monthly options expiration date at the $34.00 strike price when the stock price was trading at $32.57 and the Delta was 37.2.  This position is currently held at a unrealized loss so this rollout transaction is an attempt to repair it back toward breakeven. The transactions-to-date for this position as well as the potential return-on-investment results if this position is assigned on its 12/15/2023 expiration date are as follows:

Match Group Inc. (MTCH) -- Continuation of 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.
9/29/2023 400 Match Group shares closed out-of-the-money so 4 Calls expired and 400 MTCH shares remain in the Covered Calls Advisor Portfolio.

10/9/2023 Continued Covered Calls position by selling 4 Match Group 10/20/2023 Call options at the $38.50 strike price for $.64 per share when the stock price was $37.20.

10/20/2023 400 Match Group shares closed out-of-the-money so 4 Calls expired and 400 MTCH shares remain in the Covered Calls Advisor Portfolio.

10/24/2023 Continued Covered Calls position by selling 4 Match Group 11/17/2023 Call options at the $38.00 strike price for $1.52 per share when the stock price was $36.74.  The Implied Volatility of these Calls was 53.5 when this transaction was executed.  This high IV is indicative of the volatility associated with Match's upcoming October 31st, 2023 quarterly earnings report.

11/17/2023 400 Match Group shares closed out-of-the-money so 4 Calls expired and 400 MTCH shares remain in the Covered Calls Advisor Portfolio.

11/20/2023 Continued Covered Calls position by selling 4 Match Group 12/15/2023 Call options at the $34.00 strike price for $.83 per share when the stock price was $32.57.  The Implied Volatility of these Calls was 39.1 when this transaction was executed.  

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

Net Profit:
(a) Options Income: +$2,089.28
= ($2.26 + $.64 + $1.52 + $.83) * 400 shares - $10.72 commissions
(b) Dividend Income: +$0.00
= ($0.00 dividends per share x 400 shares)
(c) Capital Appreciation (If MTCH shares assigned at $34.00 strike price at expiration): -$3,512.00
+($34.00 - $42.78) * 400 shares

Total Net Profit (If options exercised on the 11/17/2023 options expiration date): -$1,422.72

= (+$2,089.28 options income +$0.00 dividend income -$3,512.00 capital appreciation)

Potential Absolute Return-on-Investment (If the Match Group Inc. shares are assigned at the $34.00 strike price at the Dec. 15th, 2023 options expiration date): -8.8%

= -$1,422.72/$16,210.68

Potential Annualized Return-on-Investment (If 400 Match Group shares assigned at $38.00 at the 12/15/2023 options expiration): -36.4%

= (-$1,422.72/$16,210.68) * (365/88 days)