LYFT Covered Call
Every out-of-the-money LYFT 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 $16.00 strike at 5.1% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
LYFT covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $15.69 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 |
|---|---|---|---|---|---|---|---|
| $16.00 | 2.0% | $0.81 | 5.1% | 52.0% | $14.89 | 7.1% | 19 |
| $16.50 | 5.2% | $0.60 | 3.8% | 38.4% | $15.09 | 9.0% | 43 |
| $17.50 | 11.5% | $0.40 | 2.5% | 25.8% | $15.29 | 14.1% | 53 |
What the $16.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $15.69. Profit caps at $111.50 if LYFT finishes above $16.00; below $14.89 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $11.77 | $-3.12 | $-311.75 |
| $12.75 | $-2.14 | $-213.69 |
| $13.73 | $-1.16 | $-115.62 |
| $14.71 | $-0.18 | $-17.56 |
| $15.69 | +$0.81 | +$80.50 |
| $16.67 | +$1.12 | +$111.50 |
| $17.65 | +$1.12 | +$111.50 |
| $18.63 | +$1.12 | +$111.50 |
| $19.61 | +$1.12 | +$111.50 |
When a covered call fits LYFT
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 LYFT 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 LYFT loaded.
Questions
- What does a LYFT covered call pay right now?
- The $16.00 call expiring Oct 23, 2026 (36 days out) collects $0.81 per share, 5.1% of the $15.69 share price, or 52.0% annualised if you repeat it.
- What is the break-even on a LYFT covered call?
- Selling the $16.00 call against stock bought at $15.69 breaks even at $14.89 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if LYFT closes above the strike?
- The shares are called away at $16.00. Total return is 7.1%: the premium plus the move from $15.69 up to the strike. Gains above the strike belong to the buyer.
More on LYFT
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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.