Covered Calls Position Established in Uber Technologies Inc.

This morning my buy/write net debit limit order was executed and 300 shares of Uber Technologies Inc.(ticker symbol UBER) stock were purchased at $65.68 and 3 December 20th, 2024 $64.00 Call options were sold at $2.92 per share -- a net debit of $62.76 per share.  So the potential time value profit if the stock is in-the-money and therefore closed out by assignment on the options expiration date is $1.24 per share [$2.92 Call options premium - ($65.68 stock purchase price - $64.00 strike price)]. The probability that the stock will be in-the-money and therefore assigned on its options expiration date was 64.5% when this order was transacted.  

As detailed below, a potential outcome for this Uber Technologies investment is +1.9% absolute return-on-investment for the next 14 days (equivalent to +49.0% annualized-return-on-investment) if the stock closes above the $64.00 strike price on the December 20th, 2024 options expiration date.

Uber Technologies Inc. (UBER) -- New Covered Calls Position

The net debit buy/write limit order was executed as follows:
12/6/2024 Bought 300 shares of Uber Technologies Inc. stock @ $65.68 per share.  
12/6/2024 Sold 3 Uber December 20th, 2024 $64.00 Call options @ $2.92 per share.
Note: this was a simultaneous Buy/Write transaction and the Implied Volatility of the Calls was 34.9 when this position was established which, as preferred, is well above the current VIX of 12.9.  

A possible overall performance result (including commissions) if this position is assigned on its 12/20/2024 options expiration date is follows:
Covered Calls Net Investment: $19,706.01
= ($65.68 - $2.92) * 300 shares + $2.01 commission

Net Profit Components:
(a) Options Income: +$873.99
= ($2.92 * 300 shares) - $2.01 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If Uber stock is above the $64.00 strike price at the 12/20/2024 options expiration date): -$504.00
= ($64.00 - $65.68) * 300 shares

Potential Total Net Profit (If assigned at expiration): +$369.99
= (+$873.99 options income + $0.00 dividend income - $504.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.9%
= +$369.99/$19,706.01
Potential Equivalent Annualized-Return-on-Investment: +49.0%
= (+$369.99/$19,706.01) * (365/14 days)