Goldman Sachs (GS) Covered Call Assigned, Profit of $455 in 44 Days, ROI .5% or 4% Annualized

On Friday we allowed our Oct 2 $195 options to expire resulting in the shares getting assigned. The chart below shows the profitability of the position over the 44 days. In early September the position profitability peaked at $3,385. After that the profitability of the position declined as GS stock moved down and reached a low profitability point of ($5,600) on September 23rd. GS stock price has rebounded and the position returned to profitability but rather than continue to invest in the position we decided to exit and look elsewhere for a higher return.

GS does pay a good dividend which generated $625 of income. Without the dividend the overall position would have lost money.