HUT Covered Call
Every out-of-the-money HUT 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 $93.00 strike at 10.7% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
HUT covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $89.82 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 |
|---|---|---|---|---|---|---|---|
| $93.00 | 3.5% | $9.60 | 10.7% | 108.4% | $80.22 | 14.2% | 2 |
| $94.00 | 4.7% | $9.25 | 10.3% | 104.4% | $80.57 | 15.0% | 2 |
| $99.00 | 10.2% | $7.45 | 8.3% | 84.1% | $82.37 | 18.5% | 3 |
What the $93.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $89.82. Profit caps at $1,278.00 if HUT finishes above $93.00; below $80.22 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $67.37 | $-12.85 | $-1,285.50 |
| $72.98 | $-7.24 | $-724.13 |
| $78.59 | $-1.63 | $-162.75 |
| $84.21 | +$3.99 | +$398.63 |
| $89.82 | +$9.60 | +$960.00 |
| $95.43 | +$12.78 | +$1,278.00 |
| $101.05 | +$12.78 | +$1,278.00 |
| $106.66 | +$12.78 | +$1,278.00 |
| $112.27 | +$12.78 | +$1,278.00 |
When a covered call fits HUT
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 HUT 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 HUT loaded.
Questions
- What does a HUT covered call pay right now?
- The $93.00 call expiring Oct 23, 2026 (36 days out) collects $9.60 per share, 10.7% of the $89.82 share price, or 108.4% annualised if you repeat it.
- What is the break-even on a HUT covered call?
- Selling the $93.00 call against stock bought at $89.82 breaks even at $80.22 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if HUT closes above the strike?
- The shares are called away at $93.00. Total return is 14.2%: the premium plus the move from $89.82 up to the strike. Gains above the strike belong to the buyer.
More on HUT
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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.