Covered Call Position Established in Microsoft Corporation

Today a short-term Covered Calls position was establised in Microsoft Corporation (ticker MSFT).  MY buy/write net debit limit order was executed and 100 Microsoft shares were purchased at $369.35 and 1 December 15th, 2023 $362.50 Call option was sold at $9.77 per share -- a net debit of $359.58 per share.  So, the potential time value profit if the stock is in-the-money and therefore closed out by assignment at expiration is $2.92 per share [$9.77 Call option premium - ($369.35 stock purchase price - $362.50 strike price)].  The Delta was 68.8 which closely approximates a probability of assignment on the options expiration date of 68.8%.  Microsoft achieved seventeen of the nineteen filters in my Earnings Growers stock screener.  

As detailed below, a potential outcome for this Microsoft Corporation investment is +0.8% absolute return-on-investment for the next 9 days (equivalent to +32.9 % annualized-return-on-investment) if the stock closes above the $362.50 strike price on the December 15th, 2023 options expiration date.

Microsoft Corporation (MSFT) -- New Covered Call Position

The net debit buy/write limit order was executed as follows:
12/6/2023 Bought 100 shares of Microsoft stock @ $369.35 per share.  
12/6/2023 Sold 1 MSFT December 15th, 2023 $362.50 Call option @ $9.77 per share.

A possible overall performance result (including commissions) if this position is assigned on its 12/15/2023 option expiration date is as follows:
Covered Calls Net Investment: $35,958.67
= ($369.35 - $9.77) * 100 shares + $.67 commission

Net Profit Components:
(a) Options Income: +$976.33
= ($9.77 * 100 shares) - $.67 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If Microsoft stock is above the $362.50 strike price at the December 15th option expiration date): -$685.00
= ($362.50 - $369.35) * 100 shares

Potential Total Net Profit (If assigned at expiration): +$291.33
= (+$976.33 option income + $0.00 dividend income - $685.00 capital appreciation)

Potential Absolute Return-on-Investment: +0.8%
= +$291.33/$35,958.67
Potential Equivalent Annualized-Return-on-Investment: +32.9%
= (+$291.33/$35,958.67) * (365/9 days)