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Covered Call Calculator

See what a covered call pays, where it breaks even, and what you give up if the stock runs past the strike.

Your numbers

Results

Premium collected
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Breakeven price
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Downside cushionpremium as % of price
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Return if the stock is unchanged
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Annualized, if unchanged
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Return if called away
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Annualized, if called away
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Most you can maketotal, if called away
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For education only, not financial advice. Figures exclude commissions, fees and taxes. Nothing you enter leaves your browser.

How it works

Selling a call against 100 shares pays you the premium now. In exchange, you agree to sell the shares at the strike if the stock is above it at expiration.

If unchanged counts the premium and any dividend against today's price. If called away adds the gain from today's price up to the strike. Annualized figures scale the return to a full year for comparison only; they assume you could repeat the same trade, which you often cannot.

Go deeper

Which strike, which expiration, and what to do when the stock runs or falls? Called Away covers the whole routine, and Harvested runs it conservatively for retirement income.

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