APA · Covered-Calls

APA Corporation (APA) covered calls

A modelled covered call from the published implied volatility, with premium yield and capped upside.

$44.10
Modelled strike
$50.00
Modelled premium
$0.60
Premium yield
1.4%
Annualized premium yield
18.7%
Breakeven
$43.50
Downside protection
1.4%
Days to expiration
29
Strategy payoffModelled covered call payoff. Spot $44.10. Expiry maximum profit $650.00 · Expiry maximum loss -$4,350.00 · Expiry breakevens $43.50. Total position fees $0.00 deducted once. Intrinsic at the common expiration; IV/time never alters expiry P/L. No early exercise, assignment, slippage, dividends or taxes modeled.

Update time unavailable

Loading graph — the exact table is available below.

$22.05Expiration P/L -$2,145.00Update time unavailable
Event / reference markers
  • Spot: $44.10
  • Expiry breakeven $43.50: $43.50
  • sell call strike $50.00: $50.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$2,145.00Update time unavailable
-$2,100.90Update time unavailable
-$2,056.80Update time unavailable
-$2,012.70Update time unavailable
-$1,968.60Update time unavailable
-$1,924.50Update time unavailable
-$1,880.40Update time unavailable
-$1,836.30Update time unavailable
-$1,792.20Update time unavailable
-$1,748.10Update time unavailable
-$1,704.00Update time unavailable
-$1,659.90Update time unavailable
-$1,615.80Update time unavailable
-$1,571.70Update time unavailable
-$1,527.60Update time unavailable
-$1,483.50Update time unavailable
-$1,439.40Update time unavailable
-$1,395.30Update time unavailable
-$1,351.20Update time unavailable
-$1,307.10Update time unavailable
-$1,263.00Update time unavailable
-$1,218.90Update time unavailable
-$1,174.80Update time unavailable
-$1,130.70Update time unavailable
-$1,086.60Update time unavailable
-$1,042.50Update time unavailable
-$998.40Update time unavailable
-$954.30Update time unavailable
-$910.20Update time unavailable
-$866.10Update time unavailable
-$822.00Update time unavailable
-$777.90Update time unavailable
-$733.80Update time unavailable
-$689.70Update time unavailable
-$645.60Update time unavailable
-$601.50Update time unavailable
-$557.40Update time unavailable
-$513.30Update time unavailable
-$469.20Update time unavailable
-$425.10Update time unavailable
-$381.00Update time unavailable
-$336.90Update time unavailable
-$292.80Update time unavailable
-$248.70Update time unavailable
-$204.60Update time unavailable
-$160.50Update time unavailable
-$116.40Update time unavailable
-$72.30Update time unavailable
-$28.20Update time unavailable
-$0.00Update time unavailable
$15.90Update time unavailable
$60.00Spot referenceUpdate time unavailable
$60.00Update time unavailable
$104.10Update time unavailable
$148.20Update time unavailable
$192.30Update time unavailable
$236.40Update time unavailable
$280.50Update time unavailable
$324.60Update time unavailable
$368.70Update time unavailable
$412.80Update time unavailable
$456.90Update time unavailable
$501.00Update time unavailable
$545.10Update time unavailable
$589.20Update time unavailable
$633.30Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update time unavailable
$650.00Update 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 6, 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.

APA Corporation (APA) Covered calls | Options Whale