CORZ Covered Call
Every out-of-the-money CORZ 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 $17.00 strike at 9.3% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
CORZ covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $16.88 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 |
|---|---|---|---|---|---|---|---|
| $17.00 | 0.7% | $1.57 | 9.3% | 94.0% | $15.32 | 10.0% | 7 |
| $18.00 | 6.6% | $1.11 | 6.5% | 66.4% | $15.77 | 13.2% | 8 |
| $19.00 | 12.6% | $0.80 | 4.8% | 48.4% | $16.08 | 17.3% | 7 |
What the $17.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $16.88. Profit caps at $168.50 if CORZ finishes above $17.00; below $15.32 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $12.66 | $-2.65 | $-265.50 |
| $13.72 | $-1.60 | $-160.00 |
| $14.77 | $-0.54 | $-54.50 |
| $15.83 | +$0.51 | +$51.00 |
| $16.88 | +$1.57 | +$156.50 |
| $17.94 | +$1.69 | +$168.50 |
| $18.99 | +$1.69 | +$168.50 |
| $20.04 | +$1.69 | +$168.50 |
| $21.10 | +$1.69 | +$168.50 |
When a covered call fits CORZ
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 CORZ 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 CORZ loaded.
Questions
- What does a CORZ covered call pay right now?
- The $17.00 call expiring Oct 23, 2026 (36 days out) collects $1.57 per share, 9.3% of the $16.88 share price, or 94.0% annualised if you repeat it.
- What is the break-even on a CORZ covered call?
- Selling the $17.00 call against stock bought at $16.88 breaks even at $15.32 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if CORZ closes above the strike?
- The shares are called away at $17.00. Total return is 10.0%: the premium plus the move from $16.88 up to the strike. Gains above the strike belong to the buyer.
More on CORZ
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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.