Continuation of Covered Calls Position in APA Corporation

The Covered Calls Advisor Portfolio has a Covered Calls position in APA Corporation (ticker APA) which expired last Friday with the stock at $32.49 which was below the $34.00 strike price.  Today this position was continued by rolling out to the May 10th, 2024 weekly options expiration at the same $34.00 strike price by selling-to-open four Calls at $.40 per share when the price of APA was $32.50.  

As detailed below, a potential outcome for this APA Corporation investment if the stock is in-the-money and therefore assigned on the options expiration date is +3.5% absolute return-on-investment over 31 days (equivalent to +41.8% annualized-return-on-investment) if the stock closes above the $34.00 strike price on the May 10th, 2024 options expiration date.  The transactions history of this APA Covered Calls position to-date along with a potential return-on-investment result if the stock is assigned on the May 10th, 2024 options expiration date is as follows:

APA Corporation (APA) -- Continuation of Covered Calls Position
The simultaneous buy/write transactions was as follows:
4/9/2024 Bought 400 shares of APA Corporation stock @ $34.87 per share.  
4/9/2024 Sold 4 APA April 26th, 2024 $34.00 Call options @ $1.42 per share.
4/19/2024 Ex-dividend at $.25 per share
4/26/2024 APA Corp. stock price was below the $34.00 strike price, so the Calls expired and the 400 APAS shares remained in the Covered Calls Advisor Portfolio.
4/29/2024 Continued this APA Corp. Covered Calls position by selling four May 10th, 2024 $34.00 Call options @ $.40 per share when the stock was trading today at $32.50.  

The overall performance results (including commissions) would be as follows:
Covered Calls Cost Basis: $13,382.68
= ($34.87 - $1.42) * 400 shares + $2.68 commission

Net Profit Components:
(a) Options Income: +$722.64
= ($1.42 + $.40) * 400 shares - $5.36 commissions
(b) Dividend Income (If APA stock assigned on the May 10th, 2024 options expiration date): +$100.00
= $.25 dividend per share x 400 shares
(c) Capital Appreciation (If APA stock is above the $34.00 strike price and therefore assigned at the May 10th options expiration date): -$348.00
= ($34.00 - $34.87) * 400 shares

Potential Net Profit (If APA stock price is above $34.00 strike price at the May 10th options expiration): +$474.64
= (+$722.64 options income +$100.00 dividend income - $348.00 capital appreciation)

Potential Absolute Return-on-Investment: +3.5%
= +$474.64/$13,382.68
Potential Equivalent Annualized Return-on-Investment: +41.8%
= (+$474.64/$13,382.68) * (365/31 days)