FXI Covered Call
Every out-of-the-money FXI call expiring Oct 16, 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 $35.00 strike at 1.3% over 29 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
FXI covered call candidates — Oct 16, 2026, 29 days out
Strikes are picked by distance from the $33.92 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 — 29 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 |
|---|---|---|---|---|---|---|---|
| $35.00 | 3.2% | $0.43 | 1.3% | 15.8% | $33.50 | 4.4% | 15,859 |
| $36.00 | 6.1% | $0.18 | 0.5% | 6.5% | $33.75 | 6.6% | 32,393 |
| $37.00 | 9.1% | $0.09 | 0.3% | 3.3% | $33.83 | 9.3% | 25,896 |
What the $35.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $33.92. Profit caps at $150.50 if FXI finishes above $35.00; below $33.50 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $25.44 | $-8.06 | $-805.50 |
| $27.56 | $-5.94 | $-593.50 |
| $29.68 | $-3.81 | $-381.50 |
| $31.80 | $-1.69 | $-169.50 |
| $33.92 | +$0.43 | +$42.50 |
| $36.04 | +$1.50 | +$150.50 |
| $38.16 | +$1.50 | +$150.50 |
| $40.28 | +$1.50 | +$150.50 |
| $42.40 | +$1.50 | +$150.50 |
When a covered call fits FXI
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 FXI 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 FXI loaded.
Questions
- What does a FXI covered call pay right now?
- The $35.00 call expiring Oct 16, 2026 (29 days out) collects $0.43 per share, 1.3% of the $33.92 share price, or 15.8% annualised if you repeat it.
- What is the break-even on a FXI covered call?
- Selling the $35.00 call against stock bought at $33.92 breaks even at $33.50 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if FXI closes above the strike?
- The shares are called away at $35.00. Total return is 4.4%: the premium plus the move from $33.92 up to the strike. Gains above the strike belong to the buyer.
More on FXI
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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.