ASST Covered Call
Every out-of-the-money ASST 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 $28.00 strike at 9.1% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
ASST covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $27.41 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 |
|---|---|---|---|---|---|---|---|
| $28.00 | 2.2% | $2.51 | 9.1% | 92.7% | $24.91 | 11.3% | 68 |
| $29.00 | 5.8% | $2.09 | 7.6% | 77.3% | $25.32 | 13.4% | 12 |
| $30.00 | 9.4% | $1.90 | 6.9% | 70.1% | $25.52 | 16.4% | 46 |
What the $28.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $27.41. Profit caps at $309.50 if ASST finishes above $28.00; below $24.91 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $20.56 | $-4.35 | $-434.75 |
| $22.27 | $-2.63 | $-263.44 |
| $23.98 | $-0.92 | $-92.12 |
| $25.70 | +$0.79 | +$79.19 |
| $27.41 | +$2.51 | +$250.50 |
| $29.12 | +$3.09 | +$309.50 |
| $30.84 | +$3.09 | +$309.50 |
| $32.55 | +$3.09 | +$309.50 |
| $34.26 | +$3.09 | +$309.50 |
When a covered call fits ASST
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 ASST 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 ASST loaded.
Questions
- What does a ASST covered call pay right now?
- The $28.00 call expiring Oct 23, 2026 (36 days out) collects $2.51 per share, 9.1% of the $27.41 share price, or 92.7% annualised if you repeat it.
- What is the break-even on a ASST covered call?
- Selling the $28.00 call against stock bought at $27.41 breaks even at $24.91 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if ASST closes above the strike?
- The shares are called away at $28.00. Total return is 11.3%: the premium plus the move from $27.41 up to the strike. Gains above the strike belong to the buyer.
More on ASST
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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.