USO covered call calculator
Prefilled from USO’s delayed chain: a near-30-delta contract at the mid, 38 days out. Adjust anything — the arithmetic updates live.
Prefilled from USO’s delayed chain (as of Aug 18, 9:45 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: USO max pain & open interest · USO workspace · earnings calendar · the plain calculator
USO covered call FAQ
What does the USO covered call calculator prefill?
A near-30-delta USO call (and put, for the cash-secured mode) at the bid/ask midpoint from the delayed Cboe chain, plus USO's delayed price and the days to that expiration. Every field stays editable.
How is a USO covered call return calculated?
Premium collected divided by your USO 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.