DIS Covered Call
Every out-of-the-money DIS 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 $110.00 strike at 2.1% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
DIS covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $106.99 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 |
|---|---|---|---|---|---|---|---|
| $110.00 | 2.8% | $2.26 | 2.1% | 21.4% | $104.73 | 4.9% | 59 |
| $112.00 | 4.7% | $1.54 | 1.4% | 14.5% | $105.46 | 6.1% | 21 |
| $118.00 | 10.3% | $0.72 | 0.7% | 6.8% | $106.27 | 11.0% | 2 |
What the $110.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $106.99. Profit caps at $527.00 if DIS finishes above $110.00; below $104.73 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $80.24 | $-24.49 | $-2,448.75 |
| $86.93 | $-17.80 | $-1,780.06 |
| $93.62 | $-11.11 | $-1,111.38 |
| $100.30 | $-4.43 | $-442.69 |
| $106.99 | +$2.26 | +$226.00 |
| $113.68 | +$5.27 | +$527.00 |
| $120.36 | +$5.27 | +$527.00 |
| $127.05 | +$5.27 | +$527.00 |
| $133.74 | +$5.27 | +$527.00 |
When a covered call fits DIS
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 DIS 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 DIS loaded.
Questions
- What does a DIS covered call pay right now?
- The $110.00 call expiring Oct 23, 2026 (36 days out) collects $2.26 per share, 2.1% of the $106.99 share price, or 21.4% annualised if you repeat it.
- What is the break-even on a DIS covered call?
- Selling the $110.00 call against stock bought at $106.99 breaks even at $104.73 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if DIS closes above the strike?
- The shares are called away at $110.00. Total return is 4.9%: the premium plus the move from $106.99 up to the strike. Gains above the strike belong to the buyer.
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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.