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

DBI covered call calculator

Prefilled from DBI’s delayed chain: a near-30-delta contract at the mid, 418 days out. Adjust anything — the arithmetic updates live.

Prefilled from DBI’s delayed chain (as of Oct 24, 1:52 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$173.001 contract × $1.73 × 100
Return if flat27.20%23.4% annualized · stock unchanged at expiry
Return if called45.13%38.4% annualized · called away at $7.50
Breakeven$4.63cost basis minus premium
Downside cushion27.20%premium as % of stock price
Max profit$287.00capped at the $7.50 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: DBI max pain & open interest · DBI workspace · earnings calendar · the plain calculator

DBI covered call FAQ

What does the DBI covered call calculator prefill?

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

How is a DBI covered call return calculated?

Premium collected divided by your DBI 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.