Covered Call
In this strategy, an investor holds a long position in the underlying asset and simultaneously sells a call option on the same asset. The goal is to generate additional income from the option premium while potentially benefiting from a moderate price increase in the asset. Investors typically use a covered call strategy when they have a neutral to moderately bullish outlook on the stock and to generate additional income from their stock holdings.
Upgrade to unlock advanced probability and risk metrics.
Options
| Action | Qty | Expiration Date | Strike | Type | Price | Delta | IV | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SIRI | SIRI Leg 1 |
Action
Qty
|
Expiration Date
|
|
Strike
Type
|
Price
|
|
Delta
|
IV
%
|
|
|
Trade Information
Covered Call
SELL -1 SIRI Dec 11, 2026 34.00 call @$0.53
Stock
SIRI Current Price
$32.19 USD
SIRI Breakeven Price
Below $34.53 (+7.27%)
Trade Details
Cost of Trade
-$53.00 USD
Maximum Profit
$53.00
Maximum Loss
Unlimited
CVaR
Probability Analysis
Probability of Profit (PoP)
Probability of Max Profit
Probability of Max Loss
Risk Reward Analysis
Expected Value (EV)
Expected Return (EV/risk)
Reward/Risk
Position Greeks
Delta (Δ)
Gamma (Γ)
Theta (Θ)
Vega (ν)