UPB covered call calculator
Prefilled from UPB’s delayed chain: a near-30-delta contract at the mid, 186 days out. Adjust anything — the arithmetic updates live.
Prefilled from UPB’s delayed chain (as of Aug 15, 5:09 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.
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: UPB max pain & open interest · UPB workspace · earnings calendar · the plain calculator
UPB covered call FAQ
What does the UPB covered call calculator prefill?
A near-30-delta UPB call (and put, for the cash-secured mode) at the bid/ask midpoint from the delayed Cboe chain, plus UPB's delayed price and the days to that expiration. Every field stays editable.
How is a UPB covered call return calculated?
Premium collected divided by your UPB 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.