Continuation of Covered Calls Position in Schlumberger Ltd

The Covered Calls Advisor Portfolio has a Covered Calls position in Schlumberger Ltd. (now SLB) which expired out-of-the-money at last Friday's options expiration.  Today this position was continued by rolling out to the March 15th, 2024 weekly options expiration at the $50.00 strike price by selling-to-open three Calls at $.91 per share when the price of SLB stock was $49.56.  

As detailed below, a potential outcome for this SLB investment if the stock is in-the-money and therefore assigned on the options expiration date is +2.8% absolute return-on-investment over 46 days (equivalent to +21.8% annualized-return-on-investment) if the stock closes above the $50.00 strike price on the March 15th, 2024 options expiration date.  The transactions history of this SLB Covered Calls position so far along with a potential return-on-investment result if the stock is assigned on the March 15th, 2024 options expiration date is as follows:

Schlumberger Ltd. (SLB) -- Continuation of Covered Calls Position
The buy/write transaction was:
01/29/2024 Bought 300 Schlumberger shares @ $52.43
01/29/2024 Sold 3 Schlumberger 2/16/2024 $51.00 Call options @ $2.09
Note: the Time Value (aka Extrinsic Value) in the Call options was $.66 per share = [$2.09 Call options premium - ($52.43 stock price - $51.00 strike price)]
02/06/2024 Quarterly ex-dividend of $.275 per share
2/16/2024 SLB stock price was below the $51.00 strike price, so the Calls expired and the 300 SLB shares remained in the Covered Calls Advisor Portfolio. 

2/20/2024 Continued this SLB Covered Calls position by selling three March 1st, 2024 $50.00 Call options @ $.56 per share when the stock was trading at $48.87.  The Delta for these Calls was 33.8 when this transaction was executed.

3/1/2024 SLB stock price was below the $50.00 strike price, so the Calls expired and the 300 SLB shares remained in the Covered Calls Advisor Portfolio. 

3/4/2024 Continued this SLB Covered Calls position by selling three March 15th, 2024 $50.00 Call options @ $.91 per share when the stock was trading at $49.56.  

A possible overall performance result (including commissions) for this SLB Covered Calls position if assigned on the March 15th expiration date is as follows:
Covered Calls Net Investment: $15,104.01
= ($52.43 - $2.09) * 300 shares + $2.01 commission

Net Profit Components:
(a) Options Income: +$1,061.97
= ($2.09 + $.56 + $.91) * 300 shares - $6.03 commissions
(b) Dividend Income: +$82.50
= ($.275 dividend per share x 300 shares)

(c) Capital Appreciation (If SLB shares assigned at $50.00 strike price at the March 15th options expiration): -$729.00
+($50.00 strike price - $52.43 stock purchase price) * 300 shares

Total Net Profit (If SLB shares assigned at $50.00 strike price at the March 15th, 2024 expiration): +$415.47

= (+$1,061.97 options income +$82.50 dividend income -$729.00 capital appreciation)

Potential Absolute Return-on-Investment (If SLB shares assigned at $50.00 at the March 15th, 2024 options expiration): +2.8%

= +$415.47/$15,104.01

Potential Annualized Return-on-Investment: +21.8%

= (+$415.47/$15,104.01) * (365/46 days)