FISV Covered Call
Every out-of-the-money FISV 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 $51.00 strike at 3.8% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
FISV covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $49.45 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 |
|---|---|---|---|---|---|---|---|
| $51.00 | 3.1% | $1.90 | 3.8% | 39.0% | $47.55 | 7.0% | 2 |
| $52.00 | 5.2% | $1.50 | 3.0% | 30.8% | $47.95 | 8.2% | 27 |
| $54.00 | 9.2% | $0.83 | 1.7% | 16.9% | $48.63 | 10.9% | 2 |
What the $51.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $49.45. Profit caps at $345.00 if FISV finishes above $51.00; below $47.55 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $37.09 | $-10.46 | $-1,046.25 |
| $40.18 | $-7.37 | $-737.19 |
| $43.27 | $-4.28 | $-428.12 |
| $46.36 | $-1.19 | $-119.06 |
| $49.45 | +$1.90 | +$190.00 |
| $52.54 | +$3.45 | +$345.00 |
| $55.63 | +$3.45 | +$345.00 |
| $58.72 | +$3.45 | +$345.00 |
| $61.81 | +$3.45 | +$345.00 |
When a covered call fits FISV
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 FISV 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 FISV loaded.
Questions
- What does a FISV covered call pay right now?
- The $51.00 call expiring Oct 23, 2026 (36 days out) collects $1.90 per share, 3.8% of the $49.45 share price, or 39.0% annualised if you repeat it.
- What is the break-even on a FISV covered call?
- Selling the $51.00 call against stock bought at $49.45 breaks even at $47.55 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if FISV closes above the strike?
- The shares are called away at $51.00. Total return is 7.0%: the premium plus the move from $49.45 up to the strike. Gains above the strike belong to the buyer.
More on FISV
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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.