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

NOW covered call calculator

Prefilled from NOW’s delayed chain: a near-30-delta contract at the mid, 149 days out. Adjust anything — the arithmetic updates live.

Prefilled from NOW’s delayed chain (as of Oct 21, 2:54 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$970.001 contract × $9.70 × 100
Return if flat6.53%16.8% annualized · stock unchanged at expiry
Return if called31.09%94.1% annualized · called away at $185.00
Breakeven$138.82cost basis minus premium
Downside cushion6.53%premium as % of stock price
Max profit$4,617.90capped at the $185.00 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: NOW max pain & open interest · NOW workspace · earnings calendar · the plain calculator

NOW covered call FAQ

What does the NOW covered call calculator prefill?

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

How is a NOW covered call return calculated?

Premium collected divided by your NOW 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.