AG Covered Call
Every out-of-the-money AG call expiring Oct 23, 2026, priced from the settled chain: what it pays, what it yields, and where the trade stops making money. The richest right now is the $19.00 strike at 7.0% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
AG covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $18.33 share price, not by delta — the published chain carries premiums and open interest, not greeks, and inventing a delta here would be inventing data. Premium is the bid/ask midpoint where both sides quote, otherwise the last trade. The chain artifact publishes the six nearest expirations, so this is the longest one listed — 36 days out. Annualising anything shorter than a week says more about compounding arithmetic than about the trade, so those cells stay blank.
| Strike | % OTM | Premium | Yield | Annualised | Break-even | If assigned | OI |
|---|---|---|---|---|---|---|---|
| $19.00 | 3.7% | $1.28 | 7.0% | 70.8% | $17.05 | 10.6% | 19 |
| $20.00 | 9.1% | $0.90 | 4.9% | 49.8% | $17.43 | 14.0% | 342 |
What the $19.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $18.33. Profit caps at $195.00 if AG finishes above $19.00; below $17.05 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $13.75 | $-3.30 | $-330.25 |
| $14.89 | $-2.16 | $-215.69 |
| $16.04 | $-1.01 | $-101.12 |
| $17.18 | +$0.13 | +$13.44 |
| $18.33 | +$1.28 | +$128.00 |
| $19.48 | +$1.95 | +$195.00 |
| $20.62 | +$1.95 | +$195.00 |
| $21.77 | +$1.95 | +$195.00 |
| $22.91 | +$1.95 | +$195.00 |
When a covered call fits AG
A covered call sells someone else the right to buy your shares at the strike. It pays you today and caps your upside there, so it suits a holding you are content to own flat and content to sell at the strike — not one you expect to run.
The premium is compensation for implied volatility. Rich implied volatility pays more, and usually pays more because the market expects a move; a high annualised number on a name about to report earnings is a warning as often as an opportunity. Check the AG expected move and the open-interest walls before assuming the strike is far enough away.
Full mechanics, assignment and rolling are in the covered call guide; to model a different strike or a multi-leg version, open the profit calculator with AG loaded.
Questions
- What does a AG covered call pay right now?
- The $19.00 call expiring Oct 23, 2026 (36 days out) collects $1.28 per share, 7.0% of the $18.33 share price, or 70.8% annualised if you repeat it.
- What is the break-even on a AG covered call?
- Selling the $19.00 call against stock bought at $18.33 breaks even at $17.05 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if AG closes above the strike?
- The shares are called away at $19.00. Total return is 10.6%: the premium plus the move from $18.33 up to the strike. Gains above the strike belong to the buyer.
More on AG
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Educational, not investment advice. Options involve risk. Open interest is reported with a one-session lag by OCC, so these levels describe positioning as of the last settled session, not live intraday flow.