Closed Out Covered Calls Positions in iShares China Large-Cap ETF

Today the Covered Calls position in iShares China Large-Cap ETF (ticker FXI) was closed out by selling 1,000 shares at $24.48.  This China ETF has declined substantially since this Covered Calls position was originally established on September 1st, 2023.  My thesis that China's economy would experience a strong rebound from their Covid lockdowns was simply wrong.  Their economy continues to struggle from their central government policies that do more to inhibit rather than support their economic growth potential. So I decided to close out this losing position now rather than try to repair it back closer to breakeven.  The transactions history for this position is detailed below.

iShares China Large-Cap ETF (FXI) -- Continuation of Covered Calls Position

The original Buy/Write transaction was as follows:
9/1/2023 Bought 1,000 shares of iShares China Large-Cap ETF @ $27.99 per share.  
9/1/2023 Sold 10 FXI Sept. 15th, 2023 $28.00 Call options @ $.63 per share.
9/15/2023 Ten FXI Call options closed out-of-the-money, so these options expired and 1,000 shares remain in the Covered Calls Advisor Portfolio.
9/22/2023 Continued this iShares China Large-Cap ETF Covered Calls position by selling 10 FXI October 13th, 2023 Call options at the $27.50 strike price for $.60 per share.  The iShares China Large-Cap ETF share price was $27.21 when these Calls were sold and their Implied Volatility was 27.7.

10/13/2023 Ten FXI Call options closed out-of-the-money, so these options expired and 1,000 shares remain in the Covered Calls Advisor Portfolio.
10/16/2023 Continued this iShares China Large-Cap ETF Covered Calls position by selling 10 FXI November 3rd, 2023 Call options at the $27.00 strike price for $.49 per share.  The iShares China Large-Cap ETF share price was $26.49 when these Calls were sold and their Implied Volatility was 29.4.
11/3/2023 Ten FXI Call options closed out-of-the-money, so these options expired and 1,000 shares remain in the Covered Calls Advisor Portfolio.
11/14/2023 Continued this iShares China Large-Cap ETF Covered Calls position by selling 10 FXI December 1st, 2023 Call options at the $27.00 strike price for $.35 per share.  The iShares China Large-Cap ETF share price was $26.30 when these Calls were sold and their Implied Volatility was 27.2 and the Delta was 34.1.
12/1/2023 Ten FXI Calls closed below the $27.00 strike price @ $24.89 per share, so the 10 FXI Call options expired and 1,000 iShares China Large-Cap ETF shares remained in the Covered Calls Advisor Portfolio.
12/4/2023 Closed out this FXI Covered Calls position by selling 1,000 shares @ $24.48 per share.

The overall performance result (including commissions) for this iShares China Large-Cap ETF Covered Calls position is as follows:
FXI Covered Calls Net Investment: $27,366.70
= ($27.99 - $.63) * 1,000 shares + $6.70 commission

Net Profit:
(a) Options Income: +$2,043.20
= ($.63 + $.60 + $.49 + $.35) * 1,000 shares - $26.80 commissions
(b) Dividend Income: +$0.00
(c) Capital Appreciation: -$3,510.00
+($24.48 - $27.99) * 1,000 shares

Total Net Profit: -$1,466.80
= (+$2,043.20 options income +$0.00 dividend income -$990.00 capital appreciation)

Absolute Return-on-Investment: -5.4%
= -$1,466.80/$27,366.70
Annualized Return-on-Investment: -20.8%
= (-$1,466.80/$27,366.70) * (365/94 days)