EQT Covered Call
Every out-of-the-money EQT 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 $52.00 strike at 3.0% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
EQT covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $50.41 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 |
|---|---|---|---|---|---|---|---|
| $52.00 | 3.2% | $1.52 | 3.0% | 30.6% | $48.89 | 6.2% | 0 |
| $53.00 | 5.1% | $1.16 | 2.3% | 23.2% | $49.25 | 7.4% | 86 |
| $55.00 | 9.1% | $0.72 | 1.4% | 14.5% | $49.69 | 10.5% | 18 |
What the $52.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $50.41. Profit caps at $311.00 if EQT finishes above $52.00; below $48.89 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $37.81 | $-11.08 | $-1,108.25 |
| $40.96 | $-7.93 | $-793.19 |
| $44.11 | $-4.78 | $-478.12 |
| $47.26 | $-1.63 | $-163.06 |
| $50.41 | +$1.52 | +$152.00 |
| $53.56 | +$3.11 | +$311.00 |
| $56.71 | +$3.11 | +$311.00 |
| $59.86 | +$3.11 | +$311.00 |
| $63.01 | +$3.11 | +$311.00 |
When a covered call fits EQT
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 EQT 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 EQT loaded.
Questions
- What does a EQT covered call pay right now?
- The $52.00 call expiring Oct 23, 2026 (36 days out) collects $1.52 per share, 3.0% of the $50.41 share price, or 30.6% annualised if you repeat it.
- What is the break-even on a EQT covered call?
- Selling the $52.00 call against stock bought at $50.41 breaks even at $48.89 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if EQT closes above the strike?
- The shares are called away at $52.00. Total return is 6.2%: the premium plus the move from $50.41 up to the strike. Gains above the strike belong to the buyer.
More on EQT
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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.