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

MARA covered call calculator

Prefilled from MARA’s delayed chain: a near-30-delta contract at the mid, 133 days out. Adjust anything — the arithmetic updates live.

Prefilled from MARA’s delayed chain (as of Aug 6, 11:25 PM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$105.001 contract × $1.05 × 100
Return if flat9.79%29.2% annualized · stock unchanged at expiry
Return if called58.90%256.4% annualized · called away at $16.00
Breakeven$9.68cost basis minus premium
Downside cushion9.79%premium as % of stock price
Max profit$631.97capped at the $16.00 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: MARA max pain & open interest · MARA workspace · earnings calendar · the plain calculator

MARA covered call FAQ

What does the MARA covered call calculator prefill?

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

How is a MARA covered call return calculated?

Premium collected divided by your MARA 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.