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

RVI covered call calculator

Prefilled from RVI’s delayed chain: a near-30-delta contract at the mid, 213 days out. Adjust anything — the arithmetic updates live.

Prefilled from RVI’s delayed chain (as of Aug 17, 9:06 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$675.001 contract × $6.75 × 100
Return if flat23.63%43.8% annualized · stock unchanged at expiry
Return if called28.68%54.0% annualized · called away at $30.00
Breakeven$21.81cost basis minus premium
Downside cushion23.63%premium as % of stock price
Max profit$819.00capped at the $30.00 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: RVI max pain & open interest · RVI workspace · earnings calendar · the plain calculator

RVI covered call FAQ

What does the RVI covered call calculator prefill?

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

How is a RVI covered call return calculated?

Premium collected divided by your RVI 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.