Covered Calls for Incremental Income
Optionsplay Full Covered Call Opportunity Report
Options Trading & Strategy
As Of: 06/06/2023 08:47 AM EST
Market Data Delayed 20 Minutes
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Options strategies involve unique risk considerations, tax consequences and commission charges, among other factors. When appropriate, options should only comprise a modest portion of investors' portfolios. Prior to making any options transactions, investors must receive a copy of the Options Disclosure Document: Link to Options Disclosure Document.
PIN Symbol Last Price QTY Shares QTY Contracts Market Value Expiry DTE Strike Price Upside To Call Strike Premium IV Rank Earnings Date Period Yield Enhancement Projected 12-Month Yield Enhancement Projected 12-Month Dividend Projected 12-Month Dividend Yield Projected 12-Month Combined Yield Trade Cost/Fees Net Option Premium
Projections provided are no indicator or guarantee of future performance, which may vary significantly. Dividends are not guaranteed and will fluctuate. Managed accounts/Fee Based accounts do not charge commissions to establish a position. For information regarding the fee schedule associated with a fee-based account as well as a list of additional considerations, please consult the firm's Form ADV Part 2A as well as your client agreement.
DEFINITIONS
AT-THE-MONEY(ATM) Option contracts with strike prices nearest to the underlying stock price
DTE Number of days to expiry
EARNINGS DATE The estimate for the upcoming corporate earnings release date. These are not necessarily the confirmed dates and can be estimates based on past history
EXPIRATION Month of expiration for the recommended option
IV Rank A statistical measurement of the current implied volatility of front month ATM options relative to its own 1 year history. An IV Rank of 0% would represent the lowest IV reading over the past year, and 100% would represent the highest
LAST PRICE Last observed bid for the underlying equity
NET OPTION PREMIUM Total option premium collected less any costs for commission or fees
PERIOD YIELD ENHANCEMENT Option premium divided by the last price
PREMIUM Last observed bid for the option
PROJECTED 12-MONTH COMBINED YIELD Projected 12-month dividend yield plus projected 12-month yield enhancement
PROJECTED 12-MONTH DIVIDEND Last dividend payment assumed to be paid equally for the next twelve months
PROJECTED 12-MONTH DIVIDEND YIELD Projected 12-month dividends divided by the last price
PROJECTED 12-MONTH YIELD ENHANCEMENT Annualized yield of the option premium, assuming the same premium is available for the entire year; there is no guarantee that this will occur.
STRIKE Strike price of the recommended option
SYMBOL Underlying Equity
TRADE COST/FEES Commissions or Transactions Fees (if any)
UPSIDE-TO-CALL STRIKE Percent difference from last price to strike
Strategies and investments mentioned herein may not be suitable for all investors. Information was obtained from a variety of sources and reflects current market conditions as of date of publication unless otherwise noted. It is subject to change without notice and cannot be guaranteed for accuracy or completeness. The contents should not be considered or relied upon as investment, legal, tax or accounting advice, or as a recommendation for any specific strategy or investment. Investors should review all available information and have a thorough understanding of the risks, as well as the potential benefits, prior to investing. Past performance does not guarantee future results and there is no assurance that any strategy or investment will meet its objectives or that losses will be avoided.
Options strategies involve unique risk considerations, tax consequences and commission charges, among other factors. When appropriate, options should only comprise a modest portion of investors' portfolios. Prior to making any options transactions, investors must receive a copy of the Options Disclosure Document:
Raymond James & Associates, Inc., member New York Stock Exchange / SIPC and Raymond James Financial Services, Inc., member FINRA / SIPC are subsidiaries of Raymond James Financial, Inc. and are independent of OptionsPlay. Raymond James® is a registered trademark of Raymond James Financial, Inc. Investment products are: not deposits, not FDIC/NCUA insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value. Supporting documentation will be supplied upon request.
Supporting documentation will be supplied upon request.
Risks of Covered Call Writing - The risk of selling covered calls is significant and may result in losses if the stock price declines below the breakeven point (the price paid for the stock less the premium received). A covered call that is in the money can be assigned at any time up to the expiration date requiring the delivery of the underlying stock. The call writer will forgo any gains above the strike price when assigned.