Covered Calls Position Established in Alphabet Inc.

This morning a new Covered Calls net debit buy/write limit order was established in Alphabet Inc. (ticker GOOGL) for the March 28th, 2025 expiration and at the $155.00 strike price.  The order was placed soon after the market opened at a $152.94 limit price, so the extrinsic value (which represents the maximum profit potential for this position) was $2.06 per share [$9.57 Call option premium - ($162.51 stock purchase price - $$155.00 strike price)].  This limit order was filled at 10:01 am ET.  The probability that this position will be in-the-money and therefore assigned on its options expiration date was 74.2% when this order was transacted.

As detailed below in the QVG (Quality+Value+Growth) stock screener I developed, Alphabet meets every filter criteria.  In addition, when the stock price declined below $165.90, the Morningstar rating changed from 4 stars to 5 stars (which is their highest rating) -- a rating that is limited to the top 10% of companies in their coverage universe. 

As detailed below, the potential return-on-investment result is +1.3% absolute return-on-investment in 14 days (equivalent to a +35.0% annualized return-on-investment).  

Alphabet Inc. (GOOGL) -- New Covered Calls Position

The simultaneous buy/write transaction was as follows:
3/14/2025 Bought 200 shares of Alphabet Inc. stock @ $162.51 per share.  
3/14/2025 Sold 2 Alphabet Inc. March 28th, 2025 $155.00 Call options @ $9.57 per share.
Note: The Implied Volatility of the Call options was 37.7 when this transaction was executed which, as I prefer, is well above the current 22.5 of the S&P 500 Volatility Index (i.e. VIX). 

A possible overall performance result (including commissions) would be as follows:
Covered Calls Cost Basis: $30,589.34
= ($162.51 - $9.57) * 200 shares + $1.34 commission

Net Profit Components:
(a) Options Income: +$1,912.66
= ($9.57 * 200 shares) - $1.34
(b) Dividend Income: +$0.00 
(c) Capital Appreciation (If Alphabet stock is above $155.00 strike price at the 3/28/2025 options expiration date): -$1,502.00
= ($155.00 strike price - $162.51 stock purchase price) * 200 shares

Total Net Profit Potential: +$410.66
= (+$1,912.66 options income +$0.00 dividend income - $1,502.00 capital appreciation)

Potential Absolute Return-on-Investment: +1.3%
= +$410.66/$30,589.34
Potential Equivalent Annualized Return-on-Investment: +35.0%
= (+$410.66/$30,589.34) * (365/14 days)