Rolled Forward and Up WBA Call Option +1.12% potential income return in 42 days

On November 05, 2021, I rolled forward and up 1 call option on WBA stock with a strike price of $50 and expiry on December 10. I don't have actually 100 shares to deliver if challenged (I have just 51). In case of danger, I will try to roll up and forward this call option.

Walgreens Boots Alliance, Inc. is a holding company headquartered in Deerfield, Illinois that owns the retail pharmacy chains Walgreens and Boots, as well as several pharmaceutical manufacturing, wholesale, and distribution companies.

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WBA is one of the dividend stocks I actually want to acquire and collect both the dividend and sell call options. I have a plan to buy 10 additional shares with WBA every week until I will reach 100 shares to sell covered calls safely. Hopefully will get there by the end of the year.

here is the trade setup:

• BOT 1 WBA NOV 05 '21 49 Call Option 0.69 USD

• SLD 1 WBA DEC 10 '21 50 Call Option 1.19 USD

What happens next?

On the expiry date, December 10, 2021, WBA is trading under $50 per share -  options expire worthlessly and I keep premium - if WBA trades above $50 I'm troubled as I need to deliver shares I don’t have, to avoid such scenario I will try to roll up and forward my strike price

Break-even price: $50+$0.56= $50.56