Interactive tool
Covered call calculator and return estimator
Enter share basis, strike, premium, contract count, and target price to estimate simplified expiration profit/loss, breakeven, max profit if assigned, and premium yield.
Interactive covered call calculator
Model income, cap, breakeven, and assignment outcome
Enter your share basis, call strike, premium, contracts, and target stock price at expiration. The tool models simplified expiration outcomes only.
Simplified expiration math. Results exclude commissions, bid/ask spread, taxes, dividends, borrow costs, early assignment, exercise decisions, changing implied volatility, and account-specific margin or settlement treatment.
How to use the output
The result is a planning estimate. It shows the stock-plus-short-call payoff at expiration; it does not forecast price movement or before-expiration option value.
Primary reading: OIC covered call strategy overview · OIC options pricing overview · FINRA options overview · Investor.gov options overview · OCC options disclosure document