MRK · Covered-Calls

Merck & Company, Inc. Common Stock (new) (MRK) covered calls

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

$142.79
Modelled strike
$155.00
Modelled premium
$1.47
Premium yield
1.0%
Annualized premium yield
18.6%
Breakeven
$141.32
Downside protection
1.0%
Days to expiration
22
Strategy payoffModelled covered call payoff. Spot $142.79. Expiry maximum profit $1,368.00 · Expiry maximum loss -$14,132.00 · Expiry breakevens $141.32. 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.

$71.395Expiration P/L -$6,992.50Update time unavailable
Event / reference markers
  • Spot: $142.79
  • Expiry breakeven $141.32: $141.32
  • sell call strike $155.00: $155.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$6,992.50Update time unavailable
-$6,849.71Update time unavailable
-$6,706.92Update time unavailable
-$6,564.13Update time unavailable
-$6,421.34Update time unavailable
-$6,278.55Update time unavailable
-$6,135.76Update time unavailable
-$5,992.97Update time unavailable
-$5,850.18Update time unavailable
-$5,707.39Update time unavailable
-$5,564.60Update time unavailable
-$5,421.81Update time unavailable
-$5,279.02Update time unavailable
-$5,136.23Update time unavailable
-$4,993.44Update time unavailable
-$4,850.65Update time unavailable
-$4,707.86Update time unavailable
-$4,565.07Update time unavailable
-$4,422.28Update time unavailable
-$4,279.49Update time unavailable
-$4,136.70Update time unavailable
-$3,993.91Update time unavailable
-$3,851.12Update time unavailable
-$3,708.33Update time unavailable
-$3,565.54Update time unavailable
-$3,422.75Update time unavailable
-$3,279.96Update time unavailable
-$3,137.17Update time unavailable
-$2,994.38Update time unavailable
-$2,851.59Update time unavailable
-$2,708.80Update time unavailable
-$2,566.01Update time unavailable
-$2,423.22Update time unavailable
-$2,280.43Update time unavailable
-$2,137.64Update time unavailable
-$1,994.85Update time unavailable
-$1,852.06Update time unavailable
-$1,709.27Update time unavailable
-$1,566.48Update time unavailable
-$1,423.69Update time unavailable
-$1,280.90Update time unavailable
-$1,138.11Update time unavailable
-$995.32Update time unavailable
-$852.53Update time unavailable
-$709.74Update time unavailable
-$566.95Update time unavailable
-$424.16Update time unavailable
-$281.37Update time unavailable
-$138.58Update time unavailable
$0.00Update time unavailable
$4.21Update time unavailable
$147.00Spot referenceUpdate time unavailable
$147.00Update time unavailable
$289.79Update time unavailable
$432.58Update time unavailable
$575.37Update time unavailable
$718.16Update time unavailable
$860.95Update time unavailable
$1,003.74Update time unavailable
$1,146.53Update time unavailable
$1,289.32Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update time unavailable
$1,368.00Update 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.

Merck & Company, Inc. Common Stock (new) (MRK) Covered calls | Options Whale