diff --git a/src/js/core/05d-calc-stats.js b/src/js/core/05d-calc-stats.js
index e34038c..d0895b1 100644
--- a/src/js/core/05d-calc-stats.js
+++ b/src/js/core/05d-calc-stats.js
@@ -1,6 +1,6 @@
 function calcPremiumStats(rows) {
   let totalPrem = 0, totalNotional = 0, totalCount = 0;
-  let otmCount = 0, itmCount = 0, openCount = 0;
+  let otmCount = 0, itmCount = 0, closedCount = 0, openCount = 0;
   let aprWeightedSum = 0, aprWeightTotal = 0;
 
   rows.forEach(r => {
@@ -13,17 +13,19 @@ function calcPremiumStats(rows) {
     if (r.outcome === 'OPEN') { openCount++; }
     else if (r.outcome === 'EXPIRED') { otmCount++; }
     else if (r.outcome === 'ASSIGNED' || r.outcome === 'CALLED') { itmCount++; }
+    else if (r.outcome === 'CLOSED') { closedCount++; }
     if (r.annual != null) {
       aprWeightedSum += r.annual * notional;
       aprWeightTotal += notional;
     }
   });
 
-  const settled = otmCount + itmCount;
-  const returnRate = settled > 0 ? otmCount / settled * 100 : null;
+  // CLOSED (buy-to-close) is a settled outcome: premium kept, no assignment/call-away.
+  const settled = otmCount + itmCount + closedCount;
+  const returnRate = settled > 0 ? (otmCount + closedCount) / settled * 100 : null;
   const portfolioAPR = aprWeightTotal > 0 ? aprWeightedSum / aprWeightTotal : null;
 
-  return { totalPrem, totalNotional, totalCount, otmCount, itmCount, openCount, settled, returnRate, portfolioAPR };
+  return { totalPrem, totalNotional, totalCount, otmCount, itmCount, closedCount, openCount, settled, returnRate, portfolioAPR };
 }
 
 if (typeof module !== 'undefined' && module.exports) {
diff --git a/src/js/core/07-render-charts.js b/src/js/core/07-render-charts.js
index 82cef2f..a5e9732 100644
--- a/src/js/core/07-render-charts.js
+++ b/src/js/core/07-render-charts.js
@@ -398,7 +398,7 @@ function rCharts(displayRows, lots) {
         'Total Premium Collected',
         s.totalCount > 0 ? '$' + fmt(s.totalPrem) : dash,
         s.totalCount > 0 ? pos(s.settled) + ' settled' + (s.openCount > 0 ? ' · ' + s.openCount + ' open' : '') : '',
-        'Sum of every option premium collected (gross of buy-to-close costs). Includes settled and open positions.') +
+        'Sum of every option premium collected, net of buy-to-close costs. Includes settled and open positions.') +
       '<div class="ppnl-trio">' +
         (_isTradfi() ? '' : tile('', 'Total Notional',
           s.totalNotional > 0 ? '$' + fmt(s.totalNotional) : dash,
@@ -411,7 +411,7 @@ function rCharts(displayRows, lots) {
         tile('', 'Return Rate',
           s.returnRate !== null ? s.returnRate.toFixed(1) + '%' : dash,
           s.settled > 0 ? s.otmCount + ' / ' + s.settled + ' exp OTM' : '',
-          'Share of settled options that expired OTM (premium kept, no assignment/call-away). Open options excluded.') +
+          'Share of settled options that kept their premium with no assignment/call-away (expired OTM or bought back early). Open options excluded.') +
       '</div>';
 
   } else {
diff --git a/test/unit/calc-stats.test.js b/test/unit/calc-stats.test.js
index 8b4e6a7..023a190 100644
--- a/test/unit/calc-stats.test.js
+++ b/test/unit/calc-stats.test.js
@@ -50,6 +50,19 @@ describe('calcPremiumStats', () => {
     assert.equal(s.settled, 2);
   });
 
+  it('counts CLOSED (buy-to-close) as a settled outcome, net of closeCost', () => {
+    const rows = [
+      makeRow({ outcome: 'CLOSED', premium: 45, closeCost: 37 }),
+      makeRow({ outcome: 'CLOSED', premium: 65, closeCost: 12 }),
+    ];
+    const s = calcPremiumStats(rows);
+    assert.equal(s.closedCount, 2);
+    assert.equal(s.settled, 2);
+    assert.equal(s.totalPrem, (45 - 37) + (65 - 12));
+    // closed-early with no assignment counts as premium kept
+    assert.equal(s.returnRate, 100);
+  });
+
   it('computes portfolioAPR as notional-weighted average of annual', () => {
     // notional = strike * size
     // row1: notional=1000, annual=40  → weight contrib = 40000
@@ -65,7 +78,7 @@ describe('calcPremiumStats', () => {
 
   it('returns correct shape with expected keys', () => {
     const s = calcPremiumStats([]);
-    const expected = ['totalPrem', 'totalNotional', 'totalCount', 'otmCount', 'itmCount', 'openCount', 'settled', 'returnRate', 'portfolioAPR'];
+    const expected = ['totalPrem', 'totalNotional', 'totalCount', 'otmCount', 'itmCount', 'closedCount', 'openCount', 'settled', 'returnRate', 'portfolioAPR'];
     for (const k of expected) {
       assert.ok(Object.prototype.hasOwnProperty.call(s, k), `missing key: ${k}`);
     }