Early Assignment of Covered Calls Position in The Hershey Company

Early this morning I was notified by my broker that the two Hershey Company (ticker HSY) November 24th, 2023 $182.50 Call options were exercised yesterday.  Hershey's stock price has increased from its purchase price of $188.39 last Thursday when this Covered Calls position was established to $195.72 at the market close yesterday.  The original $.80 time value in the Calls when the position was established had declined on yesterday's market close to $0.00, so I was not surprised that the owner of these Hershey Calls exercised their option to buy the 200 shares at the $182.50 strike price in order to receive today's $1.192 per share ex-dividend.  

The post when this Hershey Company Covered Calls position was originally established is here.  As detailed below, the return-on-investment result for this Hershey Company Covered Calls position was +0.4% absolute return in 7 days (equivalent to a +23.3% annualized return-on-investment).  

The Hershey Company (HSY) -- Covered Calls Position Closed by Early Assignment

The simultaneous buy/write transaction was:
11/9/2023 Bought 200 The Hershey Company shares @ $188.39
11/9/2023 Sold 2 HSY November 24th, 2023 $182.50 Call options @ $6.69 per share
11/16/2023 The Hershey Company Call options owner exercised their two Call options, so the Covered Calls position was closed out early. The two HSY Call options expired worthless and the 200 Hershey shares were sold at the $182.50 strike price.

The overall performance results (including commissions) for this Hershey Company Covered Calls position are as follows:
Covered Calls Net Investment: $36,341.34
= ($188.39 - $6.69) * 200 shares + $1.34 commission

Net Profit:
(a) Options Income: +$1,366.66
= ($6.69 * 200 shares) - $1.34 commission
(b) Dividend Income (Two Call options exercised early on Nov. 15th, the last business day prior to the November 16th ex-div date): +$0.00

(c) Capital Appreciation (Hershey's stock assigned early): -$1,178.00
+($182.50 -$188.39) * 200 shares

Total Net Profit (Two Hershey Call options exercised early): +$188.66

= (+$1,366.66 options income +$0.00 dividend income -$1,178.00 capital appreciation)

Absolute Return-on-Investment: +$0.4%

= +$162.66/$36,341.34

Annualized Return-on-Investment: +23.3%

= (+$162.66/$36,341.34) * (365/7 days)