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

ZVIA covered call calculator

Prefilled from ZVIA’s delayed chain: a near-30-delta contract at the mid, 187 days out. Adjust anything — the arithmetic updates live.

Prefilled from ZVIA’s delayed chain (as of Aug 15, 3:35 AM ET) — a near-30-delta call at the mid. Every field is editable; check live quotes before acting on anything.

Premium collected$23.001 contract × $0.23 × 100
Return if flat16.97%35.8% annualized · stock unchanged at expiry
Return if called27.68%61.1% annualized · called away at $1.50
Breakeven$1.13cost basis minus premium
Downside cushion16.97%premium as % of stock price
Max profit$37.50capped at the $1.50 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: ZVIA max pain & open interest · ZVIA workspace · earnings calendar · the plain calculator

ZVIA covered call FAQ

What does the ZVIA covered call calculator prefill?

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

How is a ZVIA covered call return calculated?

Premium collected divided by your ZVIA 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.