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

TAGS covered call calculator

Prefilled from TAGS’s delayed chain: a near-30-delta contract at the mid, 191 days out. Adjust anything — the arithmetic updates live.

Prefilled from TAGS’s delayed chain (as of Nov 9, 7:18 PM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$410.001 contract × $4.10 × 100
Return if flat16.47%33.8% annualized · stock unchanged at expiry
Return if called16.89%34.7% annualized · called away at $25.00
Breakeven$20.80cost basis minus premium
Downside cushion16.47%premium as % of stock price
Max profit$420.47capped at the $25.00 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: TAGS max pain & open interest · TAGS workspace · earnings calendar · the plain calculator

Coverage receipt // what this page has for TAGS

Read from the Cboe delayed options chain, as of Nov 9, 7:18 PM ET. 2 held, 3 not held.

  • Underlying price (prefilled)24.90 USD
    REPORTED Cboe delayed options chain; as of chain read Nov 9, 7:18 PM ET.
  • Call near 30 delta (prefilled)25.00 USD strike, 4.10 USD mid
    REPORTED Cboe delayed options chain; as of chain read Nov 9, 7:18 PM ET.
Not on this page
  • Put near 30 delta: no put below the price carried a delta and a mid on this expiration.
  • Live quotes and fills: the chain is delayed; the price you get is your broker’s.
  • Dividends and early assignment: not modelled; a call can be assigned early before an ex-dividend date.
TAGS covered call FAQ

What does the TAGS covered call calculator prefill?

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

How is a TAGS covered call return calculated?

Premium collected divided by your TAGS 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.