IBM · Covered-Calls

International Business Machines Corporation Common Stock (IBM) covered calls

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

$220.51
Modelled strike
$240.00
Modelled premium
$2.29
Premium yield
1.0%
Annualized premium yield
30.9%
Breakeven
$218.22
Downside protection
1.0%
Days to expiration
14
Strategy payoffModelled covered call payoff. Spot $220.51. Expiry maximum profit $2,178.00 · Expiry maximum loss -$21,822.00 · Expiry breakevens $218.22. 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.

$110.255Expiration P/L -$10,796.50Update time unavailable
Event / reference markers
  • Spot: $220.51
  • Expiry breakeven $218.22: $218.22
  • sell call strike $240.00: $240.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$10,796.50Update time unavailable
-$10,575.99Update time unavailable
-$10,355.48Update time unavailable
-$10,134.97Update time unavailable
-$9,914.46Update time unavailable
-$9,693.95Update time unavailable
-$9,473.44Update time unavailable
-$9,252.93Update time unavailable
-$9,032.42Update time unavailable
-$8,811.91Update time unavailable
-$8,591.40Update time unavailable
-$8,370.89Update time unavailable
-$8,150.38Update time unavailable
-$7,929.87Update time unavailable
-$7,709.36Update time unavailable
-$7,488.85Update time unavailable
-$7,268.34Update time unavailable
-$7,047.83Update time unavailable
-$6,827.32Update time unavailable
-$6,606.81Update time unavailable
-$6,386.30Update time unavailable
-$6,165.79Update time unavailable
-$5,945.28Update time unavailable
-$5,724.77Update time unavailable
-$5,504.26Update time unavailable
-$5,283.75Update time unavailable
-$5,063.24Update time unavailable
-$4,842.73Update time unavailable
-$4,622.22Update time unavailable
-$4,401.71Update time unavailable
-$4,181.20Update time unavailable
-$3,960.69Update time unavailable
-$3,740.18Update time unavailable
-$3,519.67Update time unavailable
-$3,299.16Update time unavailable
-$3,078.65Update time unavailable
-$2,858.14Update time unavailable
-$2,637.63Update time unavailable
-$2,417.12Update time unavailable
-$2,196.61Update time unavailable
-$1,976.10Update time unavailable
-$1,755.59Update time unavailable
-$1,535.08Update time unavailable
-$1,314.57Update time unavailable
-$1,094.06Update time unavailable
-$873.55Update time unavailable
-$653.04Update time unavailable
-$432.53Update time unavailable
-$212.02Update time unavailable
$0.00Update time unavailable
$8.49Update time unavailable
$229.00Spot referenceUpdate time unavailable
$449.51Update time unavailable
$670.02Update time unavailable
$890.53Update time unavailable
$1,111.04Update time unavailable
$1,331.55Update time unavailable
$1,552.06Update time unavailable
$1,772.57Update time unavailable
$1,993.08Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update time unavailable
$2,178.00Update 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.

International Business Machines Corporation Common Stock (IBM) Covered calls | Options Whale