Seems like a pretty good summation of the risks and rewards inherent to the position. The only thing missing, and I wouldn't expect you to post this level of detail, is an idea of the $$ impact will be on your life and situation. What if the shares go back down to say $130 and then spend the rest of the year wobbling around 130-150 for instance? As its shares you don't have a ticking clock that WILL expire.
There's an interesting dynamic that I'm pretty sure everybody has experienced that's been at this more than a few months. ALMOST all the time, in a reasonably similar situation, either sitting on your hands or rolling once or twice, and the share price comes back and the overall position finishes with a nice win. The problem is the ALMOST.
Leading to the notion of taking particularly risky positions off the table early to avoid a really big move against. Which means that MOST of the time, taking risky positions off early realizes losses / minimal gains, when high % gains are just around the corner. It's enough to make you crazy
It's a lot easier, downright reasonable even, to hold through these tougher periods when the position is fully owned and unbounded in time. No margin, CSP -- no spreads. It's also pretty reasonable using fully owned positions, to run the wheel (original name of the thread in fact). Starting to see people doing more of that. I think you'd consider wheeling shares / cash when you're more focused on the income and able to get past the opportunity cost of being in cash when the shares head for the sun.