Top Covered Call Candidates
Columns show symbol, average call option chain implied volatility, historical volatility (annualized), and average return / (preserve equities) for covered call positions. Returns are primarily driven by current implied volatility levels.
| Symbol | Avg Call Volatility | Historical Volatility† | Average Return* / Preserve Equities |
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* These calculations are for educational purposes only and should not be used to make investment decisions.
† Historical Volatility is expressed as an annualized percentage.
Theoretical return percentages are modeled under the assumption that the underlying stock price stays at or below the covered call strike price through expiration; values are annualized.
Theoretical Annualized Return = (Theoretical Net Credit ÷ Underlying Equity Value) × (365 ÷ Days to Expiration).
Average Return (no Preserve Equities): mean of theoretical annualized returns, under the same stock-does-not-exceed-the-strike assumption, across eligible short-call candidates for the symbol. Preserve Equities: uses the same formula and assumption but averages only over a stricter, lower-delta set chosen to reduce assignment risk and maintain long-share exposure.