Covered call calculator
Premium yield, called-away return and break-even.
Free risk tools
Protective put and collar calculator
What it costs to put a floor under shares you own, and how much a sold call gives back.
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The cover
The floor
The protective put limits the loss to $750.00 (7.5% of $10,000.00) however far the price falls before expiry.
- The cost
- $250.00 (2.50% of the position), about 15.2% a year at this pace if you kept renewing it.
- Break-even
- The shares must end above 102.50 for the covered position to make money.
The result on expiry with and without the cover, for all the shares.
| Price on expiry | Shares alone | With the cover |
|---|---|---|
| 70.00 | -$3,000.00 | -$750.00 |
| 85.00 | -$1,500.00 | -$750.00 |
| 95.00 | -$500.00 | -$750.00 |
| 100.00 | $0.00 | -$250.00 |
| 102.50 | +$250.00 | $0.00 |
| 115.00 | +$1,500.00 | +$1,250.00 |
| 130.00 | +$3,000.00 | +$2,750.00 |
Education only, not investment advice. The answer comes from the numbers you typed in, not from your account or the market. Simulated results are hypothetical and have limits: real trading has slippage, gaps, changing results and emotions. Trading leveraged products can lose money quickly, including all of it. Risk warning
Educational only, not financial advice; trading involves risk.
Insurance for shares
A protective put gives you the right to sell your shares at the strike until expiry, so the loss stops there however far the price falls. Like any insurance it costs a premium, and renewing it every month or two adds up to a large yearly cost.
A collar pays for the put by selling a call above the price: the cover becomes cheap or free, and in return the gain stops at the call strike. Price the options with the option price calculator; for income from the call alone, the covered call calculator.
Not advice. Arithmetic on the numbers you type; results are on expiry and leave out fees, dividends and early assignment.
Next tools
Option price calculator
Black-Scholes value of a call and a put.
Options profit calculator
A call or put at expiry: break-even, most to make and lose.
Pricing
Three ways in. Pick yours.
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Baroq never holds your money and never trades for you. Educational only, not financial advice; trading involves risk.