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

NEON covered call calculator

Prefilled from NEON’s delayed chain: a near-30-delta contract at the mid, 523 days out. Adjust anything — the arithmetic updates live.

Prefilled from NEON’s delayed chain (as of Aug 16, 2:14 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$110.001 contract × $1.10 × 100
Return if flat120.34%73.6% annualized · stock unchanged at expiry
Return if called293.83%160.3% annualized · called away at $2.50
Breakeven$-0.19cost basis minus premium
Downside cushion120.34%premium as % of stock price
Max profit$268.59capped at the $2.50 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: NEON max pain & open interest · NEON workspace · earnings calendar · the plain calculator

NEON covered call FAQ

What does the NEON covered call calculator prefill?

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

How is a NEON covered call return calculated?

Premium collected divided by your NEON 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.