Covered Calls Position Established in Aptiv PLC

This morning my buy/write limit order for Aptiv PLC (ticker APTV) was executed.  My net debit limit price of $74.18 was executed when three hundred shares were purchased at $78.14 and three March 15th, 2024 Call options were sold at $3.96 per share at the $75.00 strike price.  The potential time value profit was $.82 per share = [$75.00 strike price - ($78.14 stock purchase price - $3.96 Call options price)].   An in-the-money Covered Calls position was established with a Delta of 74.6 which approximates a 74.6% probability this position will be in-the-money and therefore assigned on the March 15th, 2024 options expiration date.  As desired, there is no earnings report prior to the options expiration date.

Aptiv was part of Delphi Automotive until the spin-off of its power systems division in 2017 which became Aptiv PLC (based in Dublin, Ireland).  Aptiv is one of the world's largest vehicle component manufacturers and its customers include all 25 of the leading automotive original equipment manufacturers (OEMs), but with no single company representing more than 10% of revenues.  Their two divisions are Signal and Power Solutions (74%) and Advanced Safety and User Experience (26%).  

As shown in the detailed chart below, Aptiv meets all 18 filters of my Quality+Value+Growth stock screener.  It is now also top-rated by both Morningstar (5 stars) and CFRA (Strong Buy).

As detailed below, the potential return-on-investment results for this Aptiv PLC Covered Calls position is +1.1% absolute return (equivalent to +36.4% annualized return-on-investment for the next 11 days) if the stock is assigned on the March 15th, 2024 options expiration date.

Aptiv PLC (APTV) -- New Covered Calls Position

The buy/write transaction was:
3/4/2024 Bought 300 Aptiv PLC shares @ $78.14
3/4/2024 Sold 3 APTV 3/15/2024 $75.00 Call options @ $3.96 per share.

A possible overall performance result (including commissions) for this Aptiv Covered Calls position is as follows:
Aptiv Covered Calls Net Investment: $22,256.01
= ($78.14 - $3.96) * 300 shares + $2.01 commission

Net Profit:
(a) Options Income: +$1,185.99
= ($3.96 * 300 shares) - $2.01 commission
(b) Dividend Income: +$0.00
= ($0.00 dividends per share x 300 shares)
(c) Capital Appreciation (If APTV shares assigned at $75.00 strike price at expiration): -$942.00
+($75.00 - $78.14) * 300 shares

Total Net Profit (If options exercised on the 3/15/2024 options expiration date): +$243.99

= (+$1,185.99 options income +$0.00 dividend income -$942.00 capital appreciation)

Potential Absolute Return-on-Investment (If the Aptiv shares are assigned at the $75.00 strike price at the March 15th, 2024 options expiration date): +1.1%

= +$243.99/$22,256.01

Potential Annualized Return-on-Investment (If 300 Aptiv PLC shares assigned at $75.00 at the 3/15/2024 options expiration): +36.4%

= (+$243.99/$22,256.01) * (365/11 days)