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

SAIL covered call calculator

Prefilled from SAIL’s delayed chain: a near-30-delta contract at the mid, 450 days out. Adjust anything — the arithmetic updates live.

Prefilled from SAIL’s delayed chain (as of Oct 27, 12:23 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$695.001 contract × $6.95 × 100
Return if flat32.22%25.4% annualized · stock unchanged at expiry
Return if called36.51%28.7% annualized · called away at $22.50
Breakeven$14.62cost basis minus premium
Downside cushion32.22%premium as % of stock price
Max profit$787.64capped at the $22.50 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: SAIL max pain & open interest · SAIL workspace · earnings calendar · the plain calculator

SAIL covered call FAQ

What does the SAIL covered call calculator prefill?

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

How is a SAIL covered call return calculated?

Premium collected divided by your SAIL 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.