FLY · Covered-Calls

Firefly Aerospace Inc. (FLY) covered calls

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

$19.87
Modelled strike
$24.00
Modelled premium
$0.44
Premium yield
2.2%
Annualized premium yield
94.6%
Breakeven
$19.43
Downside protection
2.2%
Days to expiration
12
Strategy payoffModelled covered call payoff. Spot $19.87. Expiry maximum profit $457.00 · Expiry maximum loss -$1,943.00 · Expiry breakevens $19.43. 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.

$9.935: Expiration P/L: -$949.50 Update time unavailable
Event / reference markers
  • Spot: $19.87
  • Expiry breakeven $19.43: $19.43
  • sell call strike $24.00: $24.00
Exact data table

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

ObservationExpiration P/L (USD)ContextUpdated
-$949.50Update time unavailable
-$929.63Update time unavailable
-$909.76Update time unavailable
-$889.89Update time unavailable
-$870.02Update time unavailable
-$850.15Update time unavailable
-$830.28Update time unavailable
-$810.41Update time unavailable
-$790.54Update time unavailable
-$770.67Update time unavailable
-$750.80Update time unavailable
-$730.93Update time unavailable
-$711.06Update time unavailable
-$691.19Update time unavailable
-$671.32Update time unavailable
-$651.45Update time unavailable
-$631.58Update time unavailable
-$611.71Update time unavailable
-$591.84Update time unavailable
-$571.97Update time unavailable
-$552.10Update time unavailable
-$532.23Update time unavailable
-$512.36Update time unavailable
-$492.49Update time unavailable
-$472.62Update time unavailable
-$452.75Update time unavailable
-$432.88Update time unavailable
-$413.01Update time unavailable
-$393.14Update time unavailable
-$373.27Update time unavailable
-$353.40Update time unavailable
-$333.53Update time unavailable
-$313.66Update time unavailable
-$293.79Update time unavailable
-$273.92Update time unavailable
-$254.05Update time unavailable
-$234.18Update time unavailable
-$214.31Update time unavailable
-$194.44Update time unavailable
-$174.57Update time unavailable
-$154.70Update time unavailable
-$134.83Update time unavailable
-$114.96Update time unavailable
-$95.09Update time unavailable
-$75.22Update time unavailable
-$55.35Update time unavailable
-$35.48Update time unavailable
-$15.61Update time unavailable
-$0.00Update time unavailable
$4.26Update time unavailable
$24.13Update time unavailable
$44.00Update time unavailable
$44.00Spot referenceUpdate time unavailable
$63.87Update time unavailable
$83.74Update time unavailable
$103.61Update time unavailable
$123.48Update time unavailable
$143.35Update time unavailable
$163.22Update time unavailable
$183.09Update time unavailable
$202.96Update time unavailable
$222.83Update time unavailable
$242.70Update time unavailable
$262.57Update time unavailable
$282.44Update time unavailable
$302.31Update time unavailable
$322.18Update time unavailable
$342.05Update time unavailable
$361.92Update time unavailable
$381.79Update time unavailable
$401.66Update time unavailable
$421.53Update time unavailable
$441.40Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update time unavailable
$457.00Update 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 29, 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.