SpokeOptions Wheel Assistant
Free calculators by Spoke. Get a daily AI brief on every open wheel position with the iOS app.
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Covered Call Calculator

Punch in your shares, a call strike, and a premium. You get static return, if-called return, downside breakeven, and annualized yield. If you like the setup, one tap sends it to Spoke on iOS.

Trade inputs

What you paid for the shares.
1 contract = 100 shares.
30 days to expiration.

Outcome

Premium income
$240.00
Downside breakeven
$177.60
Static return
1.33%
If-called return
4.11%
Annualized (static)
16.22%
Annualized (if called)
50.02%
Effective basis after premium
$177.60

Free with a 7-day Pro trial. Requires the Spoke app on iOS.

Educational tool. Not investment advice. Options trading has real risk of loss. Verify prices with your broker before trading.