Covered Calls Position Established in NVIDIA Corporation

At 10:03 AM ET today, my buy/write net debit limit order was executed and 100 shares of NVIDIA Corporation (ticker NVDA) stock was purchased at $481.06 and 1 December 8th, 2023 $460.00 Call option was sold at $28.76 per share -- a net debit of $452.30 per share.  So the potential time value profit if the stock is in-the-money and therefore closed out by assignment on the options expiration date is $7.70 per share [$28.76 Call options premium - ($481.06 stock purchase price - $460.00 strike price)].    

NVIDIA had another blowout earnings report yesterday and several major banks have all raised their price targets this morning to above $600 per share.  

As detailed below, a potential outcome for this NVIDIA Corp. investment is +1.7% absolute return-on-investment for the next 16 days (equivalent to +38.8% annualized-return-on-investment) if the stock closes above the $460.00 strike price on the December 8th, 2023 options expiration date.

NVIDIA Corporation (NVDA) -- New Covered Calls Position

The net debit buy/write limit order was executed as follows:
11/22/2023 Bought 100 shares of NVIDIA Corporation stock @ $481.06 per share.  
11/22/2023 Sold 1 NVIDIA December 8th, 2023 $460.00 Call option @ $28.76 per share.
Note: this was a simultaneous Buy/Write transaction and the Implied Volatility of the Call options was 38.5 when this position was established which, as preferred, is well above the current VIX of 12.9.  The Delta of this Call option was 71.1. 

A possible overall performance result (including commissions) if this position is assigned on its 12/8/2023 options expiration date is follows:
Covered Calls Net Investment: $45,230.67
= ($481.06 - $28.76) * 100 shares + $.67 commission

Net Profit Components:
(a) Options Income: +$2,875.33
= ($28.76 * 100 shares) - $.67 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If NVIDIA stock is above the $460.00 strike price at the December 8th, 2023 options expiration date): -$2,106.00 = ($460.00 - $481.06) * 100 shares

Potential Total Net Profit (If assigned at expiration): +$769.33
= (+$2,875.33 option income + $0.00 dividend income - $2,106.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.7%
= +$769.33/$45,230.67
Potential Equivalent Annualized-Return-on-Investment: +38.8%
= (+$769.33/$45,230.67) * (365/16 days)