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

LESL covered call calculator

Prefilled from LESL’s delayed chain: a near-30-delta contract at the mid, 185 days out. Adjust anything — the arithmetic updates live.

Prefilled from LESL’s delayed chain (as of Aug 15, 12:10 PM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$50.001 contract × $0.50 × 100
Return if flat74.64%200.4% annualized · stock unchanged at expiry
Return if called1840.59%34658.2% annualized · called away at $12.50
Breakeven$0.17cost basis minus premium
Downside cushion74.64%premium as % of stock price
Max profit$1,233.01capped 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: LESL max pain & open interest · LESL workspace · earnings calendar · the plain calculator

LESL covered call FAQ

What does the LESL covered call calculator prefill?

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

How is a LESL covered call return calculated?

Premium collected divided by your LESL 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.