CVX · Covered-Calls

Chevron Corporation Common Stock (CVX) covered calls

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

$205.15
Modelled strike
$220.00
Modelled premium
$1.41
Premium yield
0.7%
Annualized premium yield
11.5%
Breakeven
$203.74
Downside protection
0.7%
Days to expiration
23
Strategy payoffModelled covered call payoff. Spot $205.15. Expiry maximum profit $1,626.00 · Expiry maximum loss -$20,374.00 · Expiry breakevens $203.74. 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.

$102.575Expiration P/L -$10,116.50Update time unavailable
Event / reference markers
  • Spot: $205.15
  • Expiry breakeven $203.74: $203.74
  • sell call strike $220.00: $220.00
Exact data table

Strategy payoff · full stored dataset, independent of graph range/toggles

ObservationExpiration P/L (USD)ContextUpdated
-$10,116.50Update time unavailable
-$9,911.35Update time unavailable
-$9,706.20Update time unavailable
-$9,501.05Update time unavailable
-$9,295.90Update time unavailable
-$9,090.75Update time unavailable
-$8,885.60Update time unavailable
-$8,680.45Update time unavailable
-$8,475.30Update time unavailable
-$8,270.15Update time unavailable
-$8,065.00Update time unavailable
-$7,859.85Update time unavailable
-$7,654.70Update time unavailable
-$7,449.55Update time unavailable
-$7,244.40Update time unavailable
-$7,039.25Update time unavailable
-$6,834.10Update time unavailable
-$6,628.95Update time unavailable
-$6,423.80Update time unavailable
-$6,218.65Update time unavailable
-$6,013.50Update time unavailable
-$5,808.35Update time unavailable
-$5,603.20Update time unavailable
-$5,398.05Update time unavailable
-$5,192.90Update time unavailable
-$4,987.75Update time unavailable
-$4,782.60Update time unavailable
-$4,577.45Update time unavailable
-$4,372.30Update time unavailable
-$4,167.15Update time unavailable
-$3,962.00Update time unavailable
-$3,756.85Update time unavailable
-$3,551.70Update time unavailable
-$3,346.55Update time unavailable
-$3,141.40Update time unavailable
-$2,936.25Update time unavailable
-$2,731.10Update time unavailable
-$2,525.95Update time unavailable
-$2,320.80Update time unavailable
-$2,115.65Update time unavailable
-$1,910.50Update time unavailable
-$1,705.35Update time unavailable
-$1,500.20Update time unavailable
-$1,295.05Update time unavailable
-$1,089.90Update time unavailable
-$884.75Update time unavailable
-$679.60Update time unavailable
-$474.45Update time unavailable
-$269.30Update time unavailable
-$64.15Update time unavailable
$0.00Update time unavailable
$141.00Spot referenceUpdate time unavailable
$141.00Update time unavailable
$346.15Update time unavailable
$551.30Update time unavailable
$756.45Update time unavailable
$961.60Update time unavailable
$1,166.75Update time unavailable
$1,371.90Update time unavailable
$1,577.05Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update time unavailable
$1,626.00Update 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.