Called-away share proceeds calculator: what a covered call pays when the stock runs
When a stock runs past a covered call's strike, the shares leave at the strike. See what you get and what you gave up.
How it works: this page treats the call as called away when the stock ends above the strike. Then your shares leave at the strike. Proceeds = strike × shares. Gain on the shares = proceeds − what you paid. Total = that gain + the premium. Missed move = (stock price − strike) × shares, the part above the strike that went to the buyer. Taxes and fees are left out.
What you keep and what you gave up
In the default you paid $48 and sold at $50. The shares earn $200, the premium adds $150, and you walk away with $350. The stock closed at $60. The buyer got the $10 move on 100 shares, which is $1,000 you did not get.
The strike is also a ceiling on your sale price. If you paid more than the strike, the sale is a loss on the shares, and the premium only shrinks it. Read covered call, called away and shares called away below my cost.
The usual mix-up
The premium is not the profit. It is the cash you got for the ceiling. Compare it with the missed move. See called away, what now.
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