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

HQY covered call calculator

Prefilled from HQY’s delayed chain: a near-30-delta contract at the mid, 231 days out. Adjust anything — the arithmetic updates live.

Prefilled from HQY’s delayed chain (as of Oct 28, 12:34 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$298.001 contract × $2.98 × 100
Return if flat2.95%4.7% annualized · stock unchanged at expiry
Return if called36.78%64.0% annualized · called away at $135.00
Breakeven$97.90cost basis minus premium
Downside cushion2.95%premium as % of stock price
Max profit$3,710.00capped at the $135.00 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: HQY max pain & open interest · HQY workspace · earnings calendar · the plain calculator

HQY covered call FAQ

What does the HQY covered call calculator prefill?

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

How is a HQY covered call return calculated?

Premium collected divided by your HQY 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.