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

FENC covered call calculator

Prefilled from FENC’s delayed chain: a near-30-delta contract at the mid, 205 days out. Adjust anything — the arithmetic updates live.

Prefilled from FENC’s delayed chain (as of Oct 27, 3:56 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$255.001 contract × $2.55 × 100
Return if flat25.12%49.0% annualized · stock unchanged at expiry
Return if called48.28%101.6% annualized · called away at $12.50
Breakeven$7.60cost basis minus premium
Downside cushion25.12%premium as % of stock price
Max profit$490.00capped at the $12.50 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: FENC max pain & open interest · FENC workspace · earnings calendar · the plain calculator

FENC covered call FAQ

What does the FENC covered call calculator prefill?

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

How is a FENC covered call return calculated?

Premium collected divided by your FENC 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.