Calculate Returns, Risk & Assignment Analysis
Tired of comparing covered call strikes manually? Can't figure out max profit scenarios? Our analyzer shows you strike selection, max profit, downside protection, and assignment probability—all in real-time.
✅ Max Profit Calculation — Instant best-case scenario
✅ Downside Protection % — How much room you have if stock drops
✅ Break-even Price — Where you lose money if stock falls
✅ Assignment Probability — Odds your shares get called away
✅ Annualized ROI — Year-over-year return projection
✅ Profit Scenarios — Compare all strikes at once
Estimate income from selling covered calls or cash-secured puts
Need more capital to start
Try $43,000 or switch strategies
Select the stock you own, how many shares, and current price
Choose a strike to sell calls against. Instantly see max profit, protection, assignment odds
See all strikes ranked by ROI, protection, or assignment risk. Pick the one that matches your goals
Max Profit
$500
Downside Protection
5.8%
Assignment Probability
22%
Annualized ROI
48%
Optimize your covered call exits and rolls
Track and optimize your covered call positions
Learn the fundamentals of buying call options for leverage
Use LEAPS as an alternative income strategy to covered calls
Master the covered call strategy with our comprehensive guides. Learn when to sell, how to roll positions, and optimize your income generation.
ETF vs manual: which covered call approach wins
Extend positions and boost income with rolling strategies
Compare expiration cycles for maximum income
Monitor and optimize your covered call positions
Learn the fundamentals of buying call options for leverage
You own 100 shares and sell a call option on that same stock. You collect premium upfront. If the stock rallies above your strike, your shares get called away (assigned). If it stays below, you keep the shares and repeat next month.
Max profit = (Strike Price - Purchase Price) × 100 + Premium Collected. Example: Bought at $100, selling $110 call, collect $2 premium. Max profit = $10 + $2 = $12/share = $1,200 per contract.
The percentage drop your stock can take before you lose money. Calculated as Premium Collected / Current Stock Price. Example: Stock at $100, premium collected $2, downside protection = 2%.
Not always. OTM (out-of-the-money) calls have lower assignment probability but also lower premium. ATM (at-the-money) calls collect more premium but higher assignment odds. Choose based on whether you want to keep the stock.
Your shares get sold at the strike price on the expiration date (or before if early assignment). You profit from the price difference + premium collected. Then you can restart with new shares or sell more puts.
Premium collected from selling covered calls is short-term capital gains if held <1 year, long-term if held ≥1 year. The IRS doesn't treat it specially—same as regular stock gains.
Join traders who are already using our tools to make better decisions.
