FSLR Covered Call
Every out-of-the-money FSLR 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 $195.00 strike at 5.4% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
FSLR covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $191.07 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 |
|---|---|---|---|---|---|---|---|
| $195.00 | 2.1% | $10.38 | 5.4% | 55.1% | $180.70 | 7.5% | 0 |
| $200.00 | 4.7% | $8.43 | 4.4% | 44.7% | $182.64 | 9.1% | 5 |
| $210.00 | 9.9% | $5.55 | 2.9% | 29.5% | $185.52 | 12.8% | 20 |
What the $195.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $191.07. Profit caps at $1,430.50 if FSLR finishes above $195.00; below $180.70 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $143.30 | $-37.39 | $-3,739.25 |
| $155.24 | $-25.45 | $-2,545.06 |
| $167.19 | $-13.51 | $-1,350.87 |
| $179.13 | $-1.57 | $-156.69 |
| $191.07 | +$10.38 | +$1,037.50 |
| $203.01 | +$14.31 | +$1,430.50 |
| $214.95 | +$14.31 | +$1,430.50 |
| $226.90 | +$14.31 | +$1,430.50 |
| $238.84 | +$14.31 | +$1,430.50 |
When a covered call fits FSLR
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 FSLR 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 FSLR loaded.
Questions
- What does a FSLR covered call pay right now?
- The $195.00 call expiring Oct 23, 2026 (36 days out) collects $10.38 per share, 5.4% of the $191.07 share price, or 55.1% annualised if you repeat it.
- What is the break-even on a FSLR covered call?
- Selling the $195.00 call against stock bought at $191.07 breaks even at $180.70 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if FSLR closes above the strike?
- The shares are called away at $195.00. Total return is 7.5%: the premium plus the move from $191.07 up to the strike. Gains above the strike belong to the buyer.
More on FSLR
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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.