AA · Covered-Calls
Alcoa Corporation Common Stock (AA) covered calls
A modelled covered call from the published implied volatility, with premium yield and capped upside.
- Modelled strike
- $46.00
- Modelled premium
- $0.44
- Premium yield
- 1.0%
- Annualized premium yield
- 60.3%
- Breakeven
- $42.04
- Downside protection
- 1.0%
- Days to expiration
- 8
Update time unavailable
Loading graph — the exact table is available below.
$21.24Expiration P/L -$2,080.00Update time unavailable
Event / reference markers
- Spot: $42.48
- Expiry breakeven $42.04: $42.04
- sell call strike $46.00: $46.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
| Observation | Expiration P/L (USD) | Context | Updated |
|---|---|---|---|
| -$2,080.00 | Update time unavailable | ||
| -$2,037.52 | Update time unavailable | ||
| -$1,995.04 | Update time unavailable | ||
| -$1,952.56 | Update time unavailable | ||
| -$1,910.08 | Update time unavailable | ||
| -$1,867.60 | Update time unavailable | ||
| -$1,825.12 | Update time unavailable | ||
| -$1,782.64 | Update time unavailable | ||
| -$1,740.16 | Update time unavailable | ||
| -$1,697.68 | Update time unavailable | ||
| -$1,655.20 | Update time unavailable | ||
| -$1,612.72 | Update time unavailable | ||
| -$1,570.24 | Update time unavailable | ||
| -$1,527.76 | Update time unavailable | ||
| -$1,485.28 | Update time unavailable | ||
| -$1,442.80 | Update time unavailable | ||
| -$1,400.32 | Update time unavailable | ||
| -$1,357.84 | Update time unavailable | ||
| -$1,315.36 | Update time unavailable | ||
| -$1,272.88 | Update time unavailable | ||
| -$1,230.40 | Update time unavailable | ||
| -$1,187.92 | Update time unavailable | ||
| -$1,145.44 | Update time unavailable | ||
| -$1,102.96 | Update time unavailable | ||
| -$1,060.48 | Update time unavailable | ||
| -$1,018.00 | Update time unavailable | ||
| -$975.52 | Update time unavailable | ||
| -$933.04 | Update time unavailable | ||
| -$890.56 | Update time unavailable | ||
| -$848.08 | Update time unavailable | ||
| -$805.60 | Update time unavailable | ||
| -$763.12 | Update time unavailable | ||
| -$720.64 | Update time unavailable | ||
| -$678.16 | Update time unavailable | ||
| -$635.68 | Update time unavailable | ||
| -$593.20 | Update time unavailable | ||
| -$550.72 | Update time unavailable | ||
| -$508.24 | Update time unavailable | ||
| -$465.76 | Update time unavailable | ||
| -$423.28 | Update time unavailable | ||
| -$380.80 | Update time unavailable | ||
| -$338.32 | Update time unavailable | ||
| -$295.84 | Update time unavailable | ||
| -$253.36 | Update time unavailable | ||
| -$210.88 | Update time unavailable | ||
| -$168.40 | Update time unavailable | ||
| -$125.92 | Update time unavailable | ||
| -$83.44 | Update time unavailable | ||
| -$40.96 | Update time unavailable | ||
| $0.00 | Update time unavailable | ||
| $1.52 | Update time unavailable | ||
| $44.00 | Spot reference | Update time unavailable | |
| $86.48 | Update time unavailable | ||
| $128.96 | Update time unavailable | ||
| $171.44 | Update time unavailable | ||
| $213.92 | Update time unavailable | ||
| $256.40 | Update time unavailable | ||
| $298.88 | Update time unavailable | ||
| $341.36 | Update time unavailable | ||
| $383.84 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable | ||
| $396.00 | Update time unavailable |
Black-Scholes from the published at-the-money implied volatility (one expected move above spot). Requires 100 shares per contract; above the strike the shares are called away.
Next steps
Data provenance
Figures are from published, reviewed research as of Oct 7, 2026, 4:00 PM EDT. Modelled option premiums use Black-Scholes with the published at-the-money implied volatility and are labelled as modelled, not as live quotes.