Covered Call Position Established in Meta Platforms Inc.

Today a short-term Covered Call position was established in Meta Platforms Inc. (ticker META).  My buy/write net debit limit order was executed and 100 Meta shares were purchased at $483.50 and 1 May 2nd, 2025 $460.00 Call option was sold at $39.35 per share -- a net debit of $444.15 per share.  So, the potential time value profit if the stock is in-the-money and therefore closed out by assignment at expiration is $15.85 per share [$39.35 Call option premium - ($483.50 stock purchase price - $460.00 strike price)].  The probability of assignment on the options expiration date was 62.2% when this transaction occurred.  

The next quarterly earnings report after the market close on April 30th is just prior to the May 2nd options expiration date, so I will watch this position closely to consider whether to close it out prior to the 4/30/2025 earnings reporting date.  Because the Dow Jones Average was down by 1170 points early this afternoon when this position was established, the VIX had spiked above 35 and the Implied Volatility of the Meta Call option sold was very high at 77.8 when this position was established.  Consequently, the potential return-on-investment for this position is also very high even though a somewhat conservative in-the-money strike price was selected.  I admit it is psychologically difficult to establish a position in any company when its stock price, the negative sentiment surrounding it (including its current antitrust trial), and also for the overall stock market which are all experiencing difficult declines.  But I decided to establish this position since I like the short-term risk/reward potential of Meta at its current price.  The fact that Meta is the highest rated Communications Services company among my stock screeners also provided me sufficient confidence to establish this Covered Call position.  The current results from the metrics in my Quality+Value+Growth (Q+V+G) screener for Meta are as follows:

As detailed below, a potential outcome for this Meta investment is +3.6% absolute return-on-investment for the next 11 days (equivalent to +118.4% annualized-return-on-investment) if the stock closes above the $460.00 strike price on the May 2nd, 2025 options expiration date.

Meta Platforms Inc. (META) -- New Covered Call Position

The net debit buy/write limit order was executed as follows:
4/21/2025 Bought 100 shares of Meta Platforms Inc. stock @ $483.50 per share.  
4/21/2025 Sold 1 META May 2nd, 2025 $460.00 Call option @ $39.35 per share.  

A possible overall performance result (including commissions) if this position is assigned on its 5/2/2025 option expiration date is as follows:
Meta Covered Call Net Investment: $44,415.67
= ($483.50 - $39.35) * 100 shares + $.67 commission

Net Profit Components:
(a) Call Option Income: +$3,934.33
= ($39.35 * 100 shares) - $.67 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If Meta stock is above the $460.00 strike price at the May 2nd option expiration date): -$2,350.00
= ($460.00 strike price - $483.50 stock purchase price) * 100 shares

Potential Total Net Profit (If assigned at expiration): +$1,584.33
= (+$3,934.33 option income + $0.00 dividend income - $2,350.00 capital appreciation)

Potential Absolute Return-on-Investment: +3.6%
= +$1,584.33/$44,415.67
Potential Equivalent Annualized-Return-on-Investment: +118.4%
= (+$1,584.33/$44,415.67) * (365/11 days)