How to use the Covered Call Calculator

Calculate the combined stock and short-call outcome of a covered call at expiration.

Calculation formula

Covered-call expiration P&L = [min(stock price at expiration, strike) − stock cost + call premium] × contracts × 100 − fees.

Recommended steps

1. Enter values using the units shown beside each field.
2. Review whether the example assumptions match your situation.
3. Run the calculator and compare the key metrics.
4. Use the source data or official rates when precision matters.

Known limitations

Models long shares plus short calls at expiration and assumes enough shares to cover each contract. Excludes dividends and early assignment risk.