Covered Calls Position Established in Target Corporation

Today a Covered Calls position was established in Target Corporation (ticker TGT) when my buy/write limit order was executed.  Two hundred shares were purchased at $145.33 and 2 March 1st, 2024 Call options were sold at $4.43 per share at the $142.00 strike price.  So, the potential time value profit for this Target Covered Calls position is $1.10 per share [$4.43 Call options premium - ($145.33 stock purchase price - $142.00 strike price)].  There is also a $1.10 ex-dividend next Tuesday (February 20th) prior to the March 1st options expiration date, so this dividend is included in the potential return-on-investment result shown below. 

Given my current "Neutral" stock market outlook, a slightly in-the-money Covered Call position was established with a Delta of 69.9 which approximates a 69.9% probability this position will be in-the-money and therefore assigned on the March 1st, 2024 options expiration date. I identified Target since it appeared in my Quality+ Value+ Growth stock screener and as shown in the table below it meets all 18 filter criteria.  Also as preferred, the next quarterly earnings report on March 5th, 2024 is after the March 1st options expiration date.

As detailed below, a potential return-on-investment result if the stock is above the $142.00 strike price on the options expiration date is +1.6% absolute return-on-investment (equivalent to +40.6% annualized return-on-investment for the next 14 days).

Target Corporation (TGT) -- New Covered Calls Position
The buy/write transaction was:
2/16/2024 Bought 200 Target Corporation shares @ $145.33.
2/16/2024 Sold 2 TGT 3/1/2024 $142.00 Call options @ $4.43 per share.
Note: The Implied Volatility of the Call options was 17.8 when this buy/write transaction was executed.
2/20/2024 Ex-dividend of $220.00 ($1.10 per share)

A possible overall performance result (including commission) for this Covered Call position is as follows:
Covered Calls Net Investment: $28,181.34
= ($145.33 - $4.43) * 200 shares + $1.34 commission

Net Profit Components:
(a) Options Income: +$884.66
= ($4.43 * 200 shares) - $1.34 commission
(b) Dividend Income: $220.00

= ($1.10 per share x 200 shares)
(c) Capital Appreciation (If shares assigned at $142.00 strike price at the 3/1/2024 options expiration date): -$666.00
+($142.00 - $145.33) * 100 shares

Total Net Profit (If stock shares assigned at $142.00 strike price at the 3/1/2024 expiration): +$438.66

= (+$884.66 options income +$220.00 dividend income -$666.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.6%

= +$438.66/$28,181.34

Potential Annualized Return-on-Investment: +40.6%

= (+$438.66/$28,181.34) * (365/14 days)