BROS · Covered-Calls

Dutch Bros Inc. Class A Common Stock (BROS) covered calls

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

$39.06
Modelled strike
$46.00
Modelled premium
$0.68
Premium yield
1.7%
Annualized premium yield
24.4%
Breakeven
$38.38
Downside protection
1.7%
Days to expiration
29
Strategy payoffModelled covered call payoff. Spot $39.06. Expiry maximum profit $762.00 · Expiry maximum loss -$3,838.00 · Expiry breakevens $38.38. 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.

$19.53Expiration P/L -$1,885.00Update time unavailable
Event / reference markers
  • Spot: $39.06
  • Expiry breakeven $38.38: $38.38
  • sell call strike $46.00: $46.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$1,885.00Update time unavailable
-$1,845.94Update time unavailable
-$1,806.88Update time unavailable
-$1,767.82Update time unavailable
-$1,728.76Update time unavailable
-$1,689.70Update time unavailable
-$1,650.64Update time unavailable
-$1,611.58Update time unavailable
-$1,572.52Update time unavailable
-$1,533.46Update time unavailable
-$1,494.40Update time unavailable
-$1,455.34Update time unavailable
-$1,416.28Update time unavailable
-$1,377.22Update time unavailable
-$1,338.16Update time unavailable
-$1,299.10Update time unavailable
-$1,260.04Update time unavailable
-$1,220.98Update time unavailable
-$1,181.92Update time unavailable
-$1,142.86Update time unavailable
-$1,103.80Update time unavailable
-$1,064.74Update time unavailable
-$1,025.68Update time unavailable
-$986.62Update time unavailable
-$947.56Update time unavailable
-$908.50Update time unavailable
-$869.44Update time unavailable
-$830.38Update time unavailable
-$791.32Update time unavailable
-$752.26Update time unavailable
-$713.20Update time unavailable
-$674.14Update time unavailable
-$635.08Update time unavailable
-$596.02Update time unavailable
-$556.96Update time unavailable
-$517.90Update time unavailable
-$478.84Update time unavailable
-$439.78Update time unavailable
-$400.72Update time unavailable
-$361.66Update time unavailable
-$322.60Update time unavailable
-$283.54Update time unavailable
-$244.48Update time unavailable
-$205.42Update time unavailable
-$166.36Update time unavailable
-$127.30Update time unavailable
-$88.24Update time unavailable
-$49.18Update time unavailable
-$10.12Update time unavailable
$0.00Update time unavailable
$28.94Update time unavailable
$68.00Spot referenceUpdate time unavailable
$107.06Update time unavailable
$146.12Update time unavailable
$185.18Update time unavailable
$224.24Update time unavailable
$263.30Update time unavailable
$302.36Update time unavailable
$341.42Update time unavailable
$380.48Update time unavailable
$419.54Update time unavailable
$458.60Update time unavailable
$497.66Update time unavailable
$536.72Update time unavailable
$575.78Update time unavailable
$614.84Update time unavailable
$653.90Update time unavailable
$692.96Update time unavailable
$732.02Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update time unavailable
$762.00Update 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.

Dutch Bros Inc. Class A Common Stock (BROS) Covered calls | Options Whale