Is the Covered Call Calculator free?

Yes. The Covered Call Calculator on calculpage is completely free with no account required.

Yes. All calculations run entirely in your browser. Nothing you enter is transmitted to any server.

What category does the Covered Call Calculator belong to?

The Covered Call Calculator belongs to the Financial category on calculpage.

Financial

Covered Call Calculator

Calculate max profit, breakeven, and annualized return for a covered call strategy.

Stock Purchase Price

Call Strike Price

Call Premium Received

Days to Expiry

Formula & How It Works

Breakeven = Stock Price − Premium. Max Profit = (Strike − Stock + Premium) × Shares. Return % = Max Profit per Share / Breakeven × 100. Annualized = Return % × (365 / Days).

Related Calculators

Mortgage

Loan

Auto Loan

Interest

Payment

Retirement

Frequently Asked Questions

What is the maximum loss on a covered call?▼

The maximum loss is the stock price minus the premium received. If the stock falls to zero, you lose the cost basis.

When is a covered call called away?▼

The call buyer exercises when the stock price rises above the strike price at expiration, forcing you to sell at the strike.

Can I write covered calls on ETFs?▼

Yes. Any long stock or ETF position of 100 shares can serve as collateral for one covered call contract.

Loading calculator...