Stock and Options Trading Tools
Covered Call Investigator: Identify Covered Calls With High Theoretical Returns
OptionsHouse's Covered Call Investigator scans the universe of equity options to find covered calls with high theoretical returns. To do this, Covered Call Investigator:
- Considers selling the call that is "at the money" or one strike "out of the money"
- Adds all projected dividends paid by the stock between now and the expiration date of the call
- Assumes the stock rises slightly and computes annual return of the two positions
In addition, Covered Call Investigator attempts to filter out bad data and covered calls that may be overly complicated because they are the result of a corporate reorganization.
The Covered Call Investigator ignores the risk of being assigned on the call prior to its expiration, which sometimes occurs before a large dividend payment.
Covered Call Investigator is intended to provide you with information and educational data and ideas. The ideas provided by Covered Call Investigator are not recommendations and you should not act on them as such. The Covered Call Investigator strategy and the ideas it generates may not be suitable for your portfolio or financial situation. If you decide that you would like to execute an idea that is shown in the Covered Call Investigator, the tool has a trade button for your convenience, but you will be solely responsible for the applicable trading decision.
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