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

RAVE covered call calculator

Prefilled from RAVE’s delayed chain: a near-30-delta contract at the mid, 153 days out. Adjust anything — the arithmetic updates live.

Prefilled from RAVE’s delayed chain (as of Aug 15, 3:29 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$31.001 contract × $0.31 × 100
Return if flat10.13%25.9% annualized · stock unchanged at expiry
Return if called73.53%272.4% annualized · called away at $5.00
Breakeven$2.75cost basis minus premium
Downside cushion10.13%premium as % of stock price
Max profit$225.00capped at the $5.00 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: RAVE max pain & open interest · RAVE workspace · earnings calendar · the plain calculator

RAVE covered call FAQ

What does the RAVE covered call calculator prefill?

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

How is a RAVE covered call return calculated?

Premium collected divided by your RAVE 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.