IREN · Covered-Calls

IREN Limited (IREN) covered calls

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

$38.69
Modelled strike
$47.00
Modelled premium
$0.93
Premium yield
2.4%
Annualized premium yield
34.7%
Breakeven
$37.76
Downside protection
2.4%
Days to expiration
29
Strategy payoffModelled covered call payoff. Spot $38.69. Expiry maximum profit $924.00 · Expiry maximum loss -$3,776.00 · Expiry breakevens $37.76. 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.

$19.345Expiration P/L -$1,841.50Update time unavailable
Event / reference markers
  • Spot: $38.69
  • Expiry breakeven $37.76: $37.76
  • sell call strike $47.00: $47.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$1,841.50Update time unavailable
-$1,802.81Update time unavailable
-$1,764.12Update time unavailable
-$1,725.43Update time unavailable
-$1,686.74Update time unavailable
-$1,648.05Update time unavailable
-$1,609.36Update time unavailable
-$1,570.67Update time unavailable
-$1,531.98Update time unavailable
-$1,493.29Update time unavailable
-$1,454.60Update time unavailable
-$1,415.91Update time unavailable
-$1,377.22Update time unavailable
-$1,338.53Update time unavailable
-$1,299.84Update time unavailable
-$1,261.15Update time unavailable
-$1,222.46Update time unavailable
-$1,183.77Update time unavailable
-$1,145.08Update time unavailable
-$1,106.39Update time unavailable
-$1,067.70Update time unavailable
-$1,029.01Update time unavailable
-$990.32Update time unavailable
-$951.63Update time unavailable
-$912.94Update time unavailable
-$874.25Update time unavailable
-$835.56Update time unavailable
-$796.87Update time unavailable
-$758.18Update time unavailable
-$719.49Update time unavailable
-$680.80Update time unavailable
-$642.11Update time unavailable
-$603.42Update time unavailable
-$564.73Update time unavailable
-$526.04Update time unavailable
-$487.35Update time unavailable
-$448.66Update time unavailable
-$409.97Update time unavailable
-$371.28Update time unavailable
-$332.59Update time unavailable
-$293.90Update time unavailable
-$255.21Update time unavailable
-$216.52Update time unavailable
-$177.83Update time unavailable
-$139.14Update time unavailable
-$100.45Update time unavailable
-$61.76Update time unavailable
-$23.07Update time unavailable
$0.00Update time unavailable
$15.62Update time unavailable
$54.31Update time unavailable
$93.00Spot referenceUpdate time unavailable
$131.69Update time unavailable
$170.38Update time unavailable
$209.07Update time unavailable
$247.76Update time unavailable
$286.45Update time unavailable
$325.14Update time unavailable
$363.83Update time unavailable
$402.52Update time unavailable
$441.21Update time unavailable
$479.90Update time unavailable
$518.59Update time unavailable
$557.28Update time unavailable
$595.97Update time unavailable
$634.66Update time unavailable
$673.35Update time unavailable
$712.04Update time unavailable
$750.73Update time unavailable
$789.42Update time unavailable
$828.11Update time unavailable
$866.80Update time unavailable
$905.49Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update time unavailable
$924.00Update 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.

IREN Limited (IREN) Covered calls | Options Whale