BAC · Covered-Calls

Bank of America Corporation Common Stock (BAC) covered calls

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

$53.52
Modelled strike
$56.00
Modelled premium
$0.24
Premium yield
0.5%
Annualized premium yield
26.6%
Breakeven
$53.28
Downside protection
0.5%
Days to expiration
7
Strategy payoffModelled covered call payoff. Spot $53.52. Expiry maximum profit $272.00 · Expiry maximum loss -$5,328.00 · Expiry breakevens $53.28. 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.

$26.76Expiration P/L -$2,652.00Update time unavailable
Event / reference markers
  • Spot: $53.52
  • Expiry breakeven $53.28: $53.28
  • sell call strike $56.00: $56.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$2,652.00Update time unavailable
-$2,598.48Update time unavailable
-$2,544.96Update time unavailable
-$2,491.44Update time unavailable
-$2,437.92Update time unavailable
-$2,384.40Update time unavailable
-$2,330.88Update time unavailable
-$2,277.36Update time unavailable
-$2,223.84Update time unavailable
-$2,170.32Update time unavailable
-$2,116.80Update time unavailable
-$2,063.28Update time unavailable
-$2,009.76Update time unavailable
-$1,956.24Update time unavailable
-$1,902.72Update time unavailable
-$1,849.20Update time unavailable
-$1,795.68Update time unavailable
-$1,742.16Update time unavailable
-$1,688.64Update time unavailable
-$1,635.12Update time unavailable
-$1,581.60Update time unavailable
-$1,528.08Update time unavailable
-$1,474.56Update time unavailable
-$1,421.04Update time unavailable
-$1,367.52Update time unavailable
-$1,314.00Update time unavailable
-$1,260.48Update time unavailable
-$1,206.96Update time unavailable
-$1,153.44Update time unavailable
-$1,099.92Update time unavailable
-$1,046.40Update time unavailable
-$992.88Update time unavailable
-$939.36Update time unavailable
-$885.84Update time unavailable
-$832.32Update time unavailable
-$778.80Update time unavailable
-$725.28Update time unavailable
-$671.76Update time unavailable
-$618.24Update time unavailable
-$564.72Update time unavailable
-$511.20Update time unavailable
-$457.68Update time unavailable
-$404.16Update time unavailable
-$350.64Update time unavailable
-$297.12Update time unavailable
-$243.60Update time unavailable
-$190.08Update time unavailable
-$136.56Update time unavailable
-$83.04Update time unavailable
-$29.52Update time unavailable
-$0.00Update time unavailable
$24.00Spot referenceUpdate time unavailable
$77.52Update time unavailable
$131.04Update time unavailable
$184.56Update time unavailable
$238.08Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update time unavailable
$272.00Update 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 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.

Bank of America Corporation Common Stock (BAC) Covered calls | Options Whale