Covered Call on ISRG Assigned – Profit of $6,944 in 67 Days, 12% ROI or 66% Annualized

On Friday ISRG closed above strike price of $675 resulting in assignment of the shares. Shares were originally purchased on June 1. Over the 67 days we held the stock we adjusted our position on a weekly basis as shown in the table below. 

Rapid rise in stock price between July 13 and 20 created a scenario where it would have been more profitable to just purchase the stock versus the covered call strategy. Can’t complain about a 12% return in 66 days……but it could have been higher.

#coveredcalls-2