BMNR Covered Call
Every out-of-the-money BMNR 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 $23.50 strike at 8.4% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
BMNR covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $22.81 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 |
|---|---|---|---|---|---|---|---|
| $23.50 | 3.0% | $1.91 | 8.4% | 84.9% | $20.90 | 11.4% | 10 |
| $24.00 | 5.2% | $1.86 | 8.1% | 82.5% | $20.96 | 13.3% | 300 |
| $25.00 | 9.6% | $1.52 | 6.7% | 67.6% | $21.29 | 16.3% | 1,062 |
What the $23.50 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $22.81. Profit caps at $260.00 if BMNR finishes above $23.50; below $20.90 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $17.11 | $-3.79 | $-379.25 |
| $18.53 | $-2.37 | $-236.69 |
| $19.96 | $-0.94 | $-94.13 |
| $21.38 | +$0.48 | +$48.44 |
| $22.81 | +$1.91 | +$191.00 |
| $24.24 | +$2.60 | +$260.00 |
| $25.66 | +$2.60 | +$260.00 |
| $27.09 | +$2.60 | +$260.00 |
| $28.51 | +$2.60 | +$260.00 |
When a covered call fits BMNR
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 BMNR 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 BMNR loaded.
Questions
- What does a BMNR covered call pay right now?
- The $23.50 call expiring Oct 23, 2026 (36 days out) collects $1.91 per share, 8.4% of the $22.81 share price, or 84.9% annualised if you repeat it.
- What is the break-even on a BMNR covered call?
- Selling the $23.50 call against stock bought at $22.81 breaks even at $20.90 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if BMNR closes above the strike?
- The shares are called away at $23.50. Total return is 11.4%: the premium plus the move from $22.81 up to the strike. Gains above the strike belong to the buyer.
More on BMNR
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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.