Established Covered Calls Position in SK hynix Inc. ADR

A short-term Covered Calls position of 9 days duration was established this morning in SK hynix Inc. ADR (ticker SKHY).  My buy/write net debit limit order at $145.50 was executed and the time value was $4.50 per share [$12.47 Call options premium - ($157.97 stock purchase price - $150.00 strike price)].  An in-the-money strike price was established with the probability that SK hynix's stock will close in-the-money (i.e. above the $150.00 strike price) on the 8/28/2026 options expiration date was 63.8% when this transaction was executed.  

As detailed below, a potential return-on-investment result if SK hynix Inc. ADR's share price is in-the-money (i.e. above the $150.00 strike price) and therefore assigned on its August 28th, 2026 options expiration date is +3.1% absolute return-on-investment (equivalent to +125.2% annualized return-on-investment for the next 9 days).

SK hynix Inc. ADR (SKHY) -- New Covered Calls Position

The buy/write net limit order transaction was as follows:
8/19/2026 Bought 200 SK hynix Inc. shares at $157.97.

8/19/2026 Sold 2 SK hynix 8/28/2026 $150.00 Call options @ $12.47 per share.  The Implied Volatility of these Calls was 79.3 when this position was established, which is well above (as preferred) the current value of the S&P 500 Volatility Index (i.e. VIX) which was 15.3.

A possible overall performance result (including commissions) for this SK hynix Covered Calls position is as follows:

Covered Calls Net Investment: $29,101.34
= ($157.97 - $12.47) * 200 shares + $1.34 commission

Net Profit:
(a) Options Income: +$2,492.66
= ($12.47 * 200 shares) - $1.34 commission
(b) Dividend Income: +$0.00
(c) Capital Appreciation (If 200 SK hynix shares assigned (i.e. above the $150.00 strike price) on the 8/28/2026 options expiration date): -$1,594.00

+($150.00 strike price - $157.97 stock purchase price) * 200 shares

Total Net Profit Potential (If 200 SK hynix Worldwide Corp. shares assigned at the $150.00 strike price on the 8/28/2026 options expiration date): +$898.66

= (+$2,492.66 options income + $0.00 dividend income - $1,594.00 capital appreciation)

Potential Absolute Return-on-Investment (If 200 SK hynix shares assigned (i.e. sold) at the $150.00 strike price on the 8/28/2026 options expiration date): +3.1%

= (+$898.66/$29,101.34)

Potential Annualized Return-on-Investment (If 200 SK hynix shares assigned at the $150.00 strike price on the 8/28/2026 options expiration date): +125.2%

= (+$898.66/$29,101.34) * (365/9 days)