Established Covered Calls in NVIDIA Corporation

This morning a two-week Covered Calls position was established in NVIDIA Corporation (ticker NVDA).  My net buy/write limit order at $190.96 was executed by simultaneously purchasing two hundred shares at $204.46 and selling two November 14th, 2025 weekly Call options at the $195.00 strike price at $13.50 per share, which provides a $4.04 per share = [$13.50 Call options premium received - ($204.46 stock purchase price - $195.00 options strike price)] time value profit potential.  This continues my process of establishing ongoing NVIDIA in-the-money Covered Calls for each weekly options expiration date.  The probability that NVIDIA's stock will close in-the-money on the 11/14/2025 options expiration date was 67.4% and this expiration avoids NVIDIA's upcoming earnings report on November 19th, 2025. 

As detailed below, a potential return-on-investment result is +2.1% absolute return-on-investment (equivalent to +51.4% annualized return-on-investment for the next 15 days) if NVIDIA's share price is in-the-money (i.e. above the $195.00 strike price) and therefore assigned on its November 14th, 2025 options expiration date.  

NVIDIA Corporation (NVDA) -- New Covered Calls Position

Today's buy/write net limit order transaction was as follows:
10/30/2025 Bought 200 NVIDIA Corporation shares at $204.46.

10/30/2025 Sold 2 NVIDIA 11/14/2025 $195.00 Call options @ $13.50 per share.  The Implied Volatility of these Calls was 47.8% when this position was established.  

A possible overall performance result (including commissions) for this NVIDIA Corporation Covered Calls position is as follows:
Covered Calls Net Investment: $38,193.34
= ($204.46 - $13.50) * 200 shares + $1.34 commission

Net Profit:
(a) Options Income: +$2,698.66
= ($13.50 * 200 shares) - $1.34 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If 200 NVIDIA shares assigned at the $195.00 strike price at expiration): -$1,892.00
+($195.000 strike price - $204.46 stock purchase price) * 200 shares

Total Net Profit Potential (If 200 NVIDIA shares in-the-money and therefore assigned at the $195.00 strike price at the options expiration date): +$806.66
= (+$2,698.66 options income + $0.00 dividend income - $1,892.00 capital appreciation)

Potential Absolute Return-on-Investment: +2.1%
= +$806.66/$38,193.34
Potential Annualized Return-on-Investment: +51.4%
= (+$806.66/$38,193.34) * (365/15 days)