Continuation of Covered Calls Position in Halliburton Company

The Covered Calls Advisor Portfolio has a Covered Calls position in Halliburton Company (ticker HAL) which expired out-of-the-money at last Friday's options expiration.  Today this position was continued by rolling out to the January 5th, 2024 weekly options expiration at the $36.00 strike price by selling-to-open five Calls at $1.23 per share when the price of Halliburton was $36.355.  The Implied Volatility of the Call options was 31.3 when this transaction was executed and the stock price was $36.355 (which is slightly in-the-money compared with the $36.00 strike price).  

As detailed below, a potential outcome for this Halliburton Company investment is +5.1% absolute return-on-investment over 37 days (equivalent to +50.7% annualized-return-on-investment) if the stock closes above the $36.00 strike price on the January 5th, 2024 options expiration date.  The transactions history of this Halliburton Covered Calls position so far along with a potential return-on-investment result if the stock is assigned on the Jan. 5th, 2024 options expiration date is as follows:

Halliburton Company (HAL) -- Continuation of Covered Calls Position

The original buy/write transaction was:

11/29/2023 Bought 500 Halliburton Co. shares @ $37.19
11/29/2023 Sold 5 HAL 12/15/2023 $36.00 Call options @ $1.64
12/6/2023 Quarterly ex-dividend of $.16 per share
12/15/2023 5 HAL $36.00 Call options expired out-of-the-money and 500 Halliburton shares remain in the Covered Calls Advisor Portfolio

12/18/2023 Continued this HAL Covered Calls position by selling 5 January 5th, 2024 Call options at $1.23 per share.

A possible overall performance result (including commissions) for this Halliburton Co. Covered Calls position is as follows:
Covered Calls Net Investment: $17,778.35
= ($37.19 - $1.64) * 500 shares + $3.35 commissions

Net Profit Components:

(a) Options Income: +$1,428.30
= ($1.64 + $1.23) * 500 shares - $6.70 commissions
(b) Dividend Income (12/6/2023 ex-dividend): +$80.00
= ($.16 dividend per share x 500 shares)
(c) Capital Appreciation (If HAL assigned at the $36.00 strike price at the 1/5/2024 options expiration date): -$595.00
+($36.00 -$37.19) * 500 shares

Total Net Profit (If Halliburton shares assigned at $36.00 strike price at its Jan. 5th, 2024 options expiration date): +$913.30

= (+$1,428.30 options income + $80.00 dividend income - $595.00 capital appreciation)

Absolute Return-on-Investment (If HAL shares assigned at $36.00 at the January 5th, 2024 options expiration): +5.1%

= +$913.30/$17,778.35

Annualized Return-on-Investment (If Halliburton stock assigned at $36.00 strike price at the Jan. 5th, 2024 expiration date): +50.7%

= (+$913.30/$17,778.35) * (365/37 days)