Option Calculators and Stock Screeners
Symbol Lookup

covered call calculator

Covered Call Calculator

The Covered Call Calculator can be used to chart theoretical profit and loss (P&L) for covered call positions. To create a covered strategy add a stock and a short call to the calculator. Clicking on the chart icon covered call calculator on the Expensive Call/Put screeners loads the calculator with a selected short call or short put. Clicking 'Add Stock' will add the underlying stock to the calculator forming a covered call or covered put position.

covered call calculator

The black line shows the P&L, which is the sum of the P&L for the long stock and the short call positions. In this example, if the stock price stays above the short call strike price of $127, the position will net $580 per contract. The underlying security will have to fall $6.40 before the position starts to lose money.

The green triangle break even displays the approximate break-even point. General Help with the calculator can be found here.

Data Provided by HistoricalOptionData.com
Optionistics is not a registered investment advisor or broker-dealer. We do not make recommendations as to particular securities or derivative instruments, and do not advocate the purchase or sale of any security or investment by you or any other individual. By continuing to use this site, you agree to read and abide by the full disclaimer.