Covered Calls Position Closed in Freeport-McMoran Inc.

The Freeport-McMoran (FCX) Covered Calls position had an options expiration date this Friday.  Because of my concerns related to the potential impact of the impending reciprocal tariffs announcement, I decided to free up some additional cash by closing out (i.e. unwinding) this position at a small net loss when it was somewhat below the $38.00 strike price.  So, I sold-to-close the 500 Freeport-McMoran shares at $37.85 and simultaneously bought-to-close the 5 April 4th, 2025 $38.00 Calls at $.64 per share -- a net credit for this transaction of $37.21 per share. The detailed transactions and the return-on-investment results for this position are as follows: 

Freeport-McMoran Inc. (FCX) -- Closed Out this Covered Calls Position

The simultaneous buy/write transaction was as follows:
3/21/2025 Bought 500 shares of Freeport-McMoran stock @ $39.37 per share.  
3/21/2025 Sold 5 Freeport-McMoran April 4th 28th, 2025 $38.00 Call options @ $2.11 per share.
4/2/2025 Unwound this FCX Covered Calls position by selling-to-close the 500 Freeport-McMoran shares and simultaneously buying-to-close the 5 FCX $38.00 Calls that expire Friday at a net credit of $37.21 per share.

The overall performance result (including commissions) was as follows:
Covered Calls Cost Basis: $18,633.35
= ($39.37 - $2.11) * 500 shares + $3.35 commission

Net Profit Components:
(a) Options Income: +$728.30
= ($2.11 - $.64) * 500 shares - $6.70 commissions
(b) Dividend Income: +$0.00 
(c) Capital Appreciation: -$760.00
= ($37.85 stock selling price - $39.37 stock purchase price) * 500 shares

Total Net Profit: -$31.70
= (+$728.30 options income + $0.00 dividend income - $760.00 capital appreciation)

Absolute Return-on-Investment: -0.17%
= -$31.70/$18,633.35
Equivalent Annualized Return-on-Investment: -5.2%
= (-$31.70/$18,633.35) * (365/12 days)