Profit taking strategy for covered call

I entered a covered call for AMZN buy 300 stocks at 80.89 and selling an Call 90 Jan 09 at 4.43.

Cost Basis : 74.46
Max Income: 13.54
Aggregate Profit : 4062 or 17.1 % in 4 months or 51.3 % annualized.

The reason, I bought a Jan SC because I was not sure where the market is heading. It seemed toppish after rising since March. AMZN also did not exhibit a lot of bullish bias.



The market turned bullish. The SC went ITM a couple of times.

I decided not to wait for Jan to capture the full profit of 17.1%. I exited the trade today for a profit of around 10% or $2258.

My risk of waiting to make 17.1% for 4 months is much higher than the reward of taking 10% in just 6 weeks or 87% annualized. So this is simple maths. Just exit and look for another new trade. My annualized profit target is exceeded.