New Covered Call on SOLO stock - Potential income return +11.16% in 71 day

On April 29, 2021, we sold 1 covered call on SOLO stock expiring on May 28, 2021 (monthly options). For this trade, we got a, $18 premium (before commissions)

We sold this covered call just shortly after we got assigned 100 shares at $5 each, originally we opened this trade as a credit spread back in March 19

here is our trade setup:

• SLD 1 SOLO May 28 '21 5 Call Option 0.18 USD

what can happen next:

SOLO is trading below our strike price of $5  at the expiry date (May 28, 2021), in this case, we keep the premium and sell more covered calls to lower our cost basis. 

In case the SOLO stock is trading above our strike price of $5, our 100 shares get called away at the strike price of $5, and (as we have already collected some premium from selling puts in the past) we realize our max gain +55.8 or 11.16% potential return of income in 71 days

Break-even: $4.45