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

EARN covered call calculator

Prefilled from EARN’s delayed chain: a near-30-delta contract at the mid, 214 days out. Adjust anything — the arithmetic updates live.

Prefilled from EARN’s delayed chain (as of Aug 16, 12:41 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$6.001 contract × $0.06 × 100
Return if flat1.36%2.3% annualized · stock unchanged at expiry
Return if called15.00%26.9% annualized · called away at $5.00
Breakeven$4.34cost basis minus premium
Downside cushion1.36%premium as % of stock price
Max profit$66.00capped at the $5.00 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: EARN max pain & open interest · EARN workspace · earnings calendar · the plain calculator

EARN covered call FAQ

What does the EARN covered call calculator prefill?

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

How is a EARN covered call return calculated?

Premium collected divided by your EARN 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.