Covered Call Calculator

Calculate the return and max profit/loss for covered call options.

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Covered Call

Enter the stock price, strike price, and premium received.

Max return
$0
Return if called: 0%
Premium received
$0
Max profit (if called)
$0
Max loss (stock drops)
$0
Breakeven price
$0
Return if called
0%
Annualized return (30 DTE)
0%

Worked example

With the default inputs shown below, this calculator returns the following results:

InputValue
Current stock price ($)$100
Strike price ($)$105
Option premium received ($)$3
Number of contracts1
ResultValue
Max return$800.00
Premium received$300.00
Max profit (if called)$800.00
Max loss (stock drops)-$9,700.00
Breakeven price$97.00
Return if called3.0%

Values shown are produced by this page in your browser; change any input to update them.

How to use the Covered Call

  1. Current stock price ($) — default $100
  2. Strike price ($) — default $105
  3. Option premium received ($) — default $3
  4. Number of contracts — default 1
  5. Press Calculate to update the results instantly.

Frequently asked questions

Sources & references