NET · Covered-Calls

Cloudflare, Inc. Class A Common Stock (NET) covered calls

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

$355.01
Modelled strike
$405.00
Modelled premium
$5.08
Premium yield
1.4%
Annualized premium yield
25.3%
Breakeven
$349.93
Downside protection
1.4%
Days to expiration
23
Strategy payoffModelled covered call payoff. Spot $355.01. Expiry maximum profit $5,507.00 · Expiry maximum loss -$34,993.00 · Expiry breakevens $349.93. 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.

$177.505Expiration P/L -$17,242.50Update time unavailable
Event / reference markers
  • Spot: $355.01
  • Expiry breakeven $349.93: $349.93
  • sell call strike $405.00: $405.00
Exact data table
Strategy payoff · full stored dataset, independent of graph range/toggles
ObservationExpiration P/L (USD)ContextUpdated
-$17,242.50Update time unavailable
-$16,887.49Update time unavailable
-$16,532.48Update time unavailable
-$16,177.47Update time unavailable
-$15,822.46Update time unavailable
-$15,467.45Update time unavailable
-$15,112.44Update time unavailable
-$14,757.43Update time unavailable
-$14,402.42Update time unavailable
-$14,047.41Update time unavailable
-$13,692.40Update time unavailable
-$13,337.39Update time unavailable
-$12,982.38Update time unavailable
-$12,627.37Update time unavailable
-$12,272.36Update time unavailable
-$11,917.35Update time unavailable
-$11,562.34Update time unavailable
-$11,207.33Update time unavailable
-$10,852.32Update time unavailable
-$10,497.31Update time unavailable
-$10,142.30Update time unavailable
-$9,787.29Update time unavailable
-$9,432.28Update time unavailable
-$9,077.27Update time unavailable
-$8,722.26Update time unavailable
-$8,367.25Update time unavailable
-$8,012.24Update time unavailable
-$7,657.23Update time unavailable
-$7,302.22Update time unavailable
-$6,947.21Update time unavailable
-$6,592.20Update time unavailable
-$6,237.19Update time unavailable
-$5,882.18Update time unavailable
-$5,527.17Update time unavailable
-$5,172.16Update time unavailable
-$4,817.15Update time unavailable
-$4,462.14Update time unavailable
-$4,107.13Update time unavailable
-$3,752.12Update time unavailable
-$3,397.11Update time unavailable
-$3,042.10Update time unavailable
-$2,687.09Update time unavailable
-$2,332.08Update time unavailable
-$1,977.07Update time unavailable
-$1,622.06Update time unavailable
-$1,267.05Update time unavailable
-$912.04Update time unavailable
-$557.03Update time unavailable
-$202.02Update time unavailable
$0.00Update time unavailable
$152.99Update time unavailable
$508.00Spot referenceUpdate time unavailable
$863.01Update time unavailable
$1,218.02Update time unavailable
$1,573.03Update time unavailable
$1,928.04Update time unavailable
$2,283.05Update time unavailable
$2,638.06Update time unavailable
$2,993.07Update time unavailable
$3,348.08Update time unavailable
$3,703.09Update time unavailable
$4,058.10Update time unavailable
$4,413.11Update time unavailable
$4,768.12Update time unavailable
$5,123.13Update time unavailable
$5,478.14Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update time unavailable
$5,507.00Update 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 6, 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.

Cloudflare, Inc. Class A Common Stock (NET) Covered calls | Options Whale