Established Covered Calls Position in Aptiv PLC

This afternoon a short-term Covered Calls positions was established in Aptiv PLC (ticker APTV) at the January 19th, 2024 options expiration date and at the $80.00 strike price.  This Covered Calls position was in-the-money since 300 APTV shares were purchased at $83.80 and three 1/19/2024 $80.00 Call options were simultaneously sold at $4.64 per share (a net debit of $79.16 per share).  The Implied Volatility of the Calls was 33.6 and the Delta was 75.2 when this transaction was executed.  

Aptiv PLC, (formerly Delphi Automotive) is based in Dublin, Ireland.  They design and manufacture components and provide electrical, electronic, and active safety technology solutions to the global automotive and commercial vehicles markets.  Its segments include Signal and Power Solutions and Advanced Safety and User Experiences.  As such, it is included in the Consumer Discretionary sector.    

The potential time value profit for this Aptiv position is $.84 per share for the 300 shares if the stock is above the $80.00 strike price on the January 19th options expiration date and is therefore assigned (i.e. sold) at the $80.00 strike price.  Aptiv met all 23 criteria specified in my Buffett Screener and analysts have an average target price of $112.96 (+34.8% above today's stock purchase price).  As preferred, there is no intervening earnings report since the next quarterly earnings report on January 31st is after the January 19th options expiration date.    

Aptiv PLC (APTV) -- New Covered Calls Position

The net debit buy/write limit order was executed as follows:
1/5/2024 Bought 300 shares of Aptiv stock @ $83.80 per share.  
1/5/2024 Sold 3 Aptiv January 19th, 2024 $80.00 Call options @ $4.64 per share.

A possible overall performance result (including commissions) is as follows:
Covered Calls Net Investment: $23,750.01
= ($83.80 - $4.64) * 300 shares + $2.01 commission

Net Profit Components:
(a) Options Income: +$1,389.99
= ($4.64 * 300 shares) - $2.01 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation: (If Aptiv stock price is above the $80.00 strike price at the 1/19/2024 options expiration date): -$1,140.00
= ($80.00 selling price at expiration - $83.80 original stock purchase price) x 300 shares

Potential Total Net Profit (If Aptiv stock price is in-the-money at the options expiration date and therefore sold at the $80.00 strike price): +$249.99
= (+$1,389.99 options income + $0.00 dividend income - $1,140.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.1%
= +$249.99/$23,750.01
Potential Equivalent Annualized-Return-on-Investment: +27.4%
= (+$249.99/$23,750.01) * (365/14 days)