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

REFR covered call calculator

Prefilled from REFR’s delayed chain: a near-30-delta contract at the mid, 238 days out. Adjust anything — the arithmetic updates live.

Prefilled from REFR’s delayed chain (as of Oct 22, 3:28 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$5.001 contract × $0.05 × 100
Return if flat10.54%16.6% annualized · stock unchanged at expiry
Return if called121.24%238.0% annualized · called away at $1.00
Breakeven$0.42cost basis minus premium
Downside cushion10.54%premium as % of stock price
Max profit$57.54capped at the $1.00 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: REFR max pain & open interest · REFR workspace · earnings calendar · the plain calculator

REFR covered call FAQ

What does the REFR covered call calculator prefill?

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

How is a REFR covered call return calculated?

Premium collected divided by your REFR 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.