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

BSP covered call calculator

Prefilled from BSP’s delayed chain: a near-30-delta contract at the mid, 866 days out. Adjust anything — the arithmetic updates live.

Prefilled from BSP’s delayed chain (as of Aug 1, 9:30 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$1,185.001 contract × $11.85 × 100
Return if flat33.38%12.9% annualized · stock unchanged at expiry
Return if called46.06%17.3% annualized · called away at $40.00
Breakeven$23.65cost basis minus premium
Downside cushion33.38%premium as % of stock price
Max profit$1,635.00capped at the $40.00 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: BSP max pain & open interest · BSP workspace · earnings calendar · the plain calculator

BSP covered call FAQ

What does the BSP covered call calculator prefill?

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

How is a BSP covered call return calculated?

Premium collected divided by your BSP 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.