CMCSA Covered Call
Every out-of-the-money CMCSA 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 $24.00 strike at 3.6% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
CMCSA covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $23.73 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 |
|---|---|---|---|---|---|---|---|
| $24.00 | 1.1% | $0.86 | 3.6% | 36.7% | $22.87 | 4.8% | 52 |
| $25.00 | 5.4% | $0.45 | 1.9% | 19.2% | $23.28 | 7.2% | 64 |
| $26.00 | 9.6% | $0.35 | 1.5% | 15.0% | $23.38 | 11.0% | 1,120 |
What the $24.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $23.73. Profit caps at $113.00 if CMCSA finishes above $24.00; below $22.87 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $17.80 | $-5.07 | $-507.25 |
| $19.28 | $-3.59 | $-358.94 |
| $20.76 | $-2.11 | $-210.62 |
| $22.25 | $-0.62 | $-62.31 |
| $23.73 | +$0.86 | +$86.00 |
| $25.21 | +$1.13 | +$113.00 |
| $26.70 | +$1.13 | +$113.00 |
| $28.18 | +$1.13 | +$113.00 |
| $29.66 | +$1.13 | +$113.00 |
When a covered call fits CMCSA
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 CMCSA 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 CMCSA loaded.
Questions
- What does a CMCSA covered call pay right now?
- The $24.00 call expiring Oct 23, 2026 (36 days out) collects $0.86 per share, 3.6% of the $23.73 share price, or 36.7% annualised if you repeat it.
- What is the break-even on a CMCSA covered call?
- Selling the $24.00 call against stock bought at $23.73 breaks even at $22.87 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if CMCSA closes above the strike?
- The shares are called away at $24.00. Total return is 4.8%: the premium plus the move from $23.73 up to the strike. Gains above the strike belong to the buyer.
More on CMCSA
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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.