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Covered Call calculator
Own 100 shares and sell a call above the price. You collect premium and keep upside to the strike; above it the shares are called away. Income on stock you already hold. Type your own strikes and premiums below; the example starts from a $100 reference price.
Example at $100: net credit $150, max profit $650, max loss $9,850, breakeven $98.5.
Frequently asked questions
- How do you calculate covered call profit?
- At expiration each leg is worth its intrinsic value; add the legs, subtract what you paid (or add what you collected), times 100 shares per contract. For the example structure at a $100 reference price the net credit is $150, max profit $650, max loss $9,850, breakeven $98.5.
- What is the breakeven on a covered call?
- The settlement price where the position's P/L is zero. The calculator solves each segment of the payoff exactly rather than sampling, so the breakeven it shows is the true one for the strikes and premiums you type.
- Does the calculator use live prices?
- No: you type premiums, so it works for any ticker and any quote source. To price the same structure from the live chain and rank it against every other play, run the ticker in the OptionScout scanner.
Other calculators: Long call · Long put · Cash-secured put · Bull call spread · Bear put spread · Iron condor · Long straddle · options pricing (Black-Scholes). Not advice.