What is a covered call?

It owns 100 shares and sells one call against them. The premium is received up front and the shares may be sold at the strike if assigned.

What is the maximum profit on a covered call?

Using the stock cost basis, maximum expiration profit is strike minus cost basis plus the call premium, multiplied by 100, before fees.

Does a covered call protect against a stock decline?

Only by the premium received. The stock can still lose most of its value, so downside remains substantial.

What happens above the call strike?

The shares can be called away at the strike. You keep the premium, but gains above the strike are surrendered.

Are the displayed option credits actual fills?

No. BID and MID come from market quotes. A real order may fill at a different price or not fill at all.

What does annualized yield mean here?

It is the listed premium yield multiplied by 365 and divided by days to expiration. It is a simple calendar run-rate, not a guaranteed or compounded return.

Cushion is the percentage distance from the stock price to the strike. It is a distance measure, not protection or a probability of profit.

Are these recommendations?

No. The rows are general, quote-based research examples. They are not personalized investment advice and LOPJLB does not place the trades.

Is this a wheel strategy?

No. Each row is a standalone 7–45 DTE option observation. The page does not assume a cash-secured put becomes a covered call, model repeated cycles, or automate assignment and rolls.

[COVERED CALLS]

Covered calls

Sep 4, 2026, 1:27 PM PDT1,489 setups · 1,489 selectedSTALE RESEARCH

Daily 7–45 DTE quote-based call-writing setups on 100-share lots. Premium offsets some downside, while assignment at the strike sells the shares and caps the upside.

Credit: BID is the executable-side quote; MID is the quote midpoint. Neither is a fill.
APY: Simple annualized option-premium run-rate; excludes uncapped future stock gains.
Cushion: Distance from spot to the call strike; not downside protection.
Notional: Current value of the 100-share lot supporting one short call.

DTE

APY

SORT

SETUPS

SYMBOL / EXPIRY		SLEEVE	BID / MID	FILL GAP			NOTIONAL		NEAREST LEVEL
SNDK2026-09-11	7	NEAR	$44.70 / $45.50	1.8%	133.6%	3.2%	$174,497	1,058	20H +0.8%	90.51
SNDK2026-09-18	14	MID	$65.40 / $66.40	1.5%	97.7%	4.9%	$174,497	446	20H +2.5%	88.46
DELL2026-09-11	7	NEAR	$10.05 / $10.13	0.7%	100.2%	3.3%	$52,300	482	52H +4.8%	88.16
CRCL2026-09-18	14	NEAR	$4.90 / $5.05	3.0%	125.6%	3.2%	$10,172	3,261	20H +1.7%	87.13
CRCL2026-09-25	21	NEAR	$6.20 / $6.45	3.9%	105.9%	3.2%	$10,172	1,877	20H +1.7%	86.83
CRDO2026-09-11	7	MID	$3.40 / $3.60	5.6%	103.7%	5.3%	$17,095	675	EMA200 −2.9%	86.50
ARM2026-09-11	7	NEAR	$4.95 / $5.23	5.3%	102.2%	3.0%	$25,252	753	EMA50 −2.6%	86.22
SNDK2026-09-25	21	NEAR	$97.30 / $99.65	2.4%	96.9%	3.2%	$174,497	258	20H +0.8%	86.14
HPE2026-09-11	7	NEAR	$1.16 / $1.21	3.7%	116.6%	2.2%	$5,187	1,366	20L +4.1%	85.61
CRCL2026-09-11	7	MID	$2.14 / $2.30	6.8%	109.7%	5.2%	$10,172	567	20H +3.7%	85.60
CRDO2026-09-11	7	NEAR	$4.90 / $5.10	3.9%	149.5%	2.4%	$17,095	500	EMA200 −5.8%	85.56
LITE2026-09-18	14	NEAR	$37.70 / $38.60	2.3%	111.7%	2.3%	$87,992	677	EMA50 +6.2%	84.91
VRT2026-09-11	7	NEAR	$5.95 / $6.33	5.9%	111.2%	2.2%	$27,900	241	EMA50 +2.1%	84.44
CRCL2026-10-02	28	NEAR	$7.40 / $7.70	3.9%	94.8%	3.2%	$10,172	321	20H +1.7%	83.90
NOW2026-09-11	7	NEAR	$2.77 / $2.85	2.8%	102.2%	1.2%	$14,133	187	20H −3.5%	83.35
LITE2026-09-11	7	MID	$15.20 / $15.80	3.8%	90.1%	4.6%	$87,992	665	20H −5.6%	83.28
DELL2026-09-11	7	MID	$8.50 / $8.60	1.2%	84.7%	4.2%	$52,300	246	52H +5.7%	83.05
BULL2026-09-11	7	NEAR	$0.17 / $0.19	10.5%	91.9%	3.6%	$965	3,350	20H +0.0%	82.62
SNDK2026-10-02	28	NEAR	$114.80 / $119.70	4.1%	85.8%	3.2%	$174,497	388	20H +0.8%	82.44
PLTR2026-09-11	7	NEAR	$2.67 / $2.68	0.2%	79.9%	1.9%	$17,420	8,399	20L +4.6%	82.42
CRCL2026-09-11	7	FAR	$1.53 / $1.56	1.9%	78.4%	8.1%	$10,172	1,435	20H +6.7%	82.25
SNDK2026-09-18	14	FAR	$46.30 / $46.65	0.8%	69.2%	8.9%	$174,497	873	20H +6.5%	81.84
SNDK2026-10-16	42	NEAR	$154.70 / $156.55	1.2%	77.0%	3.2%	$174,497	606	20H +0.8%	81.51
CRCL2026-10-16	42	NEAR	$9.35 / $9.65	3.1%	79.9%	3.2%	$10,172	2,948	20H +1.7%	81.25
HPE2026-09-11	7	MID	$0.83 / $0.89	6.2%	83.4%	4.1%	$5,187	1,948	20L +6.0%	81.08

SNDK2026-09-11 · 7D

SNDK2026-09-18 · 14D

DELL2026-09-11 · 7D

CRCL2026-09-18 · 14D

CRCL2026-09-25 · 21D

CRDO2026-09-11 · 7D

ARM2026-09-11 · 7D

SNDK2026-09-25 · 21D

HPE2026-09-11 · 7D

CRCL2026-09-11 · 7D

CRDO2026-09-11 · 7D

LITE2026-09-18 · 14D

VRT2026-09-11 · 7D

CRCL2026-10-02 · 28D

NOW2026-09-11 · 7D

LITE2026-09-11 · 7D

DELL2026-09-11 · 7D

BULL2026-09-11 · 7D

SNDK2026-10-02 · 28D

PLTR2026-09-11 · 7D

CRCL2026-09-11 · 7D

SNDK2026-09-18 · 14D

SNDK2026-10-16 · 42D

CRCL2026-10-16 · 42D

HPE2026-09-11 · 7D

Showing 1-25 of 1,489

PAYOFF · EXPIRATION ESTIMATE

SELECT A SETUP TO VIEW EXPIRATION PAYOFF

BID and MID are quote estimates, not fills. The shares retain substantial downside, while the short call caps upside above the strike and can be assigned. General research, not personalized advice.

How covered calls work

Payoff, capital, assignment, and the evidence shown in each row.

What a covered call is

A covered call owns 100 shares and sells one call against them. The premium is received up front. In exchange, the seller accepts an obligation to sell the shares at the strike if assigned.

The structure can add income in flat or moderately rising markets. It does not hedge most stock downside, and it gives up gains above the call strike.

The payoff and capped upside

At or above the strike at expiration, the shares can be called away. Called proceeds combine the strike sale value and option credit. Below the strike, the call may expire worthless, but the shares still gain or lose with the market.

Hypothetical only: own 100 shares at $100 and sell a $105 call for $2.00. The option adds $200 and the effective stock breakeven is $98. Upside is capped near $700, while a fall to $75 still produces a large loss.

How to read the ledger

BID and MID describe current quote geometry. Fill gap shows their separation. Premium yield measures option credit against share notional; APY annualizes that simple option return over the listed DTE.

HIT, when present, is historical stock-path evidence over comparable windows. Q, regime, earnings timing, and nearest levels are context, not forecasts or protection.

Quick FAQ

Put the option quote in stock context.

Screen the underlying, inspect its nightly signal evidence, and treat every option row as a research starting point—not an order.

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