As detailed below, the return-on-investment result for this Euronet Worldwide Inc. Covered Calls position was +2.9% absolute return-on-investment in 34 days (equivalent to a +33.4% annualized return-on-investment).
Euronet Worldwide Inc. (EEFT) -- Covered Calls Position Closed Out
3/22/2024 Bought 200 shares of Euronet Worldwide Inc. @ $108.22 per share.
3/22/2024 Sold 2 EEFT April 19th, 2024 $105.00 Call options @ $5.12 per share. The Implied Volatility of these Call options was 23.3 and the Delta was 68.9 when this transaction was executed.
4/19/2024 200 Euronet Worldwide shares closed out-of-the-money so 2 Calls expired and 200 EEFT shares remain in the Covered Calls Advisor Portfolio.
4/23/2024 200 Euronet Worldwide shares were sold at $106.125 per share to close out this Covered Calls position.
The overall performance result (including commissions) for this Euronet Worldwide Inc. Covered Calls position was as follows:
Covered Calls Net Investment: $20,621.34
= ($108.22 - $5.12) * 200 shares + $1.34 commission
Net Profit:
(a) Options Income: +$1,022.66
= ($5.12 * 200 shares) - $1.34 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (200 Euronet Worldwide Inc. shares sold at $106.125): -$419.00
+($106.125 - $108.22) * 200 shares
Total Net Profit (200 EEFT shares sold at $106.125 to close out this Covered Calls position): +$603.66
= (+$1,022.66 options income +$0.00 dividend income -$419.00 capital appreciation)
Absolute Return-on-Investment: +2.9%
= +$603.66/$20,621.34
Potential Annualized Return-on-Investment: +33.4%
= (+$603.66/$20,621.34) * (365/32 days)
