Continuation of Covered Calls Position in Match Group Inc.

The Covered Calls Advisor Portfolio has a Covered Calls position in Match Group Inc. (ticker MTCH) which expired with the stock at $33.55 which was below the $35.00 strike price at last Friday's options expiration.  Today this position was continued by rolling out to the March 28th, 2024 weekly options expiration at the $34.50 strike price by selling-to-open three Calls at $.81 per share when the price of Match Group stock had increased to $34.76.  

As detailed below, a potential outcome for this Match Group investment if the stock is in-the-money and therefore assigned on the options expiration date is +2.9% absolute return-on-investment over 29 days (equivalent to +36.6% annualized-return-on-investment) if the stock closes above the $34.50 strike price on the March 28th, 2024 options expiration date.  The transactions history of this Match Group Covered Calls position to-date along with a potential return-on-investment result if the stock is assigned on the March 28th, 2024 options expiration date is as follows:

Match Group Inc. (MTCH) -- Continuation of Covered Calls Position

The buy/write transaction was:
2/28/2024 Bought 600 Match Group Inc. shares @ $36.49.
2/28/2024 Sold 6 MTCH 3/15/2024 $35.00 Call options @ $2.19 per share.
3/15/2024 Match Group stock price was below the $35.00 strike price, so the Calls expired and the 600 MTCH shares remained in the Covered Calls Advisor Portfolio. 

3/18/2024 Continued this Match Group Covered Calls position by selling six March 28th, 2024 $34.50 Call options @ $.81 per share when the stock was trading today at $34.76.  The Implied Volatility of these Calls was 40.6 and the Delta was 39.3 when this transaction was executed.

A possible overall performance result (including commissions) for this Match Group Covered Calls position if assigned on its 3/28/2024 options expiration date is as follows:
Match Group Covered Calls Net Investment: $20,584.02
= ($36.49 - $2.19) * 600 shares + $4.02 commission

Net Profit:
(a) Options Income: +$1,791.96
= ($2.19 + $.81) * 600 shares - $8.04 commission
(b) Dividend Income: +$0.00
= ($0.00 dividends per share x 600 shares)
(c) Capital Appreciation (If MTCH shares assigned at $34.50 strike price at expiration): -$1,194.00
+($34.50 strike price - $36.49 stock purchase price) * 600 shares

Total Net Profit (If options exercised on the 3/28/2024 options expiration date): +$597.96

= (+$1,791.96 options income +$0.00 dividend income -$1,194.00 capital appreciation)

Potential Absolute Return-on-Investment (If the Match Group Inc. shares are assigned at the $34.50 strike price at the March 28th, 2024 options expiration date): +2.9%

= +$597.96/$20,584.02

Potential Annualized Return-on-Investment (If 600 Match Group shares assigned at $34.50 at the 3/28/2024 options expiration date): +36.6%

= (+$597.96/$20,584.02) * (365/29 days)