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

NBB covered call calculator

No chain came back for NBB right now — the calculator below works with your own inputs, and nothing is estimated for you.

Premium collected$150.001 contract × $1.50 × 100
Return if flat1.50%19.9% annualized · stock unchanged at expiry
Return if called6.50%115.2% annualized · called away at $105.00
Breakeven$98.50cost basis minus premium
Downside cushion1.50%premium as % of stock price
Max profit$650.00capped at the $105.00 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: NBB max pain & open interest · NBB workspace · earnings calendar · the plain calculator

NBB covered call FAQ

What does the NBB covered call calculator prefill?

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

How is a NBB covered call return calculated?

Premium collected divided by your NBB 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.