MGM · Covered-Calls

MGM Resorts International Common Stock (MGM) covered calls

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

$30.00
Modelled strike
$33.00
Modelled premium
$0.28
Premium yield
0.9%
Annualized premium yield
17.7%
Breakeven
$29.72
Downside protection
0.9%
Days to expiration
21
Strategy payoffModelled covered call payoff. Spot $30.00. Expiry maximum profit $328.00 · Expiry maximum loss -$2,972.00 · Expiry breakevens $29.72. 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.

$15.00Expiration P/L -$1,472.00Update time unavailable
Event / reference markers
  • Spot: $30.00
  • Expiry breakeven $29.72: $29.72
  • sell call strike $33.00: $33.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$1,472.00Update time unavailable
-$1,442.00Update time unavailable
-$1,412.00Update time unavailable
-$1,382.00Update time unavailable
-$1,352.00Update time unavailable
-$1,322.00Update time unavailable
-$1,292.00Update time unavailable
-$1,262.00Update time unavailable
-$1,232.00Update time unavailable
-$1,202.00Update time unavailable
-$1,172.00Update time unavailable
-$1,142.00Update time unavailable
-$1,112.00Update time unavailable
-$1,082.00Update time unavailable
-$1,052.00Update time unavailable
-$1,022.00Update time unavailable
-$992.00Update time unavailable
-$962.00Update time unavailable
-$932.00Update time unavailable
-$902.00Update time unavailable
-$872.00Update time unavailable
-$842.00Update time unavailable
-$812.00Update time unavailable
-$782.00Update time unavailable
-$752.00Update time unavailable
-$722.00Update time unavailable
-$692.00Update time unavailable
-$662.00Update time unavailable
-$632.00Update time unavailable
-$602.00Update time unavailable
-$572.00Update time unavailable
-$542.00Update time unavailable
-$512.00Update time unavailable
-$482.00Update time unavailable
-$452.00Update time unavailable
-$422.00Update time unavailable
-$392.00Update time unavailable
-$362.00Update time unavailable
-$332.00Update time unavailable
-$302.00Update time unavailable
-$272.00Update time unavailable
-$242.00Update time unavailable
-$212.00Update time unavailable
-$182.00Update time unavailable
-$152.00Update time unavailable
-$122.00Update time unavailable
-$92.00Update time unavailable
-$62.00Update time unavailable
-$32.00Update time unavailable
-$2.00Update time unavailable
$0.00Update time unavailable
$28.00Spot referenceUpdate time unavailable
$58.00Update time unavailable
$88.00Update time unavailable
$118.00Update time unavailable
$148.00Update time unavailable
$178.00Update time unavailable
$208.00Update time unavailable
$238.00Update time unavailable
$268.00Update time unavailable
$298.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update time unavailable
$328.00Update 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.

MGM Resorts International Common Stock (MGM) Covered calls | Options Whale