Premium seller // ALGT covered calls & cash-secured puts

ALGT covered call calculator

Prefilled from ALGT’s delayed chain: a near-30-delta contract at the mid, 154 days out. Adjust anything — the arithmetic updates live.

Prefilled from ALGT’s delayed chain (as of Aug 14, 1:43 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$610.001 contract × $6.10 × 100
Return if flat7.06%17.5% annualized · stock unchanged at expiry
Return if called40.08%122.3% annualized · called away at $115.00
Breakeven$80.35cost basis minus premium
Downside cushion7.06%premium as % of stock price
Max profit$3,465.00capped at the $115.00 strike

Annualized figures compound the period return over 365 days and assume repeatability, which real markets do not promise. Assignment can happen early; dividends and fees are not modeled. Educational arithmetic, not a recommendation.

Context before writing anything: ALGT max pain & open interest · ALGT workspace · earnings calendar · the plain calculator

ALGT covered call FAQ

What does the ALGT covered call calculator prefill?

A near-30-delta ALGT call (and put, for the cash-secured mode) at the bid/ask midpoint from the delayed Cboe chain, plus ALGT's delayed price and the days to that expiration. Every field stays editable.

How is a ALGT covered call return calculated?

Premium collected divided by your ALGT cost basis gives the return if flat; the capital gain up to the strike plus premium gives the return if called. Both are annualized over the days to expiration for comparison.

Is this live data?

The prefill uses delayed (~15 minute) quotes, labeled with their as-of time. Check live quotes at your broker before trading; this page is educational arithmetic, not a recommendation.