MBLY Covered Call
Every out-of-the-money MBLY call expiring Oct 30, 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 $8.00 strike at 6.8% over 38 days.
Open interest and pricing as of the close on 2026-09-21. Recomputed every morning before the open.
MBLY covered call candidates — Oct 30, 2026, 38 days out
Strikes are picked by distance from the $7.99 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 — 38 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 |
|---|---|---|---|---|---|---|---|
| $8.00 | 0.1% | $0.54 | 6.8% | 64.9% | $7.45 | 6.9% | 4 |
| $8.50 | 6.4% | $0.46 | 5.8% | 55.9% | $7.53 | 12.2% | 24 |
| $9.00 | 12.6% | $0.30 | 3.7% | 35.5% | $7.70 | 16.3% | 203 |
What the $8.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $7.99. Profit caps at $55.00 if MBLY finishes above $8.00; below $7.45 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $5.99 | $-1.46 | $-145.75 |
| $6.49 | $-0.96 | $-95.81 |
| $6.99 | $-0.46 | $-45.88 |
| $7.49 | +$0.04 | +$4.06 |
| $7.99 | +$0.54 | +$54.00 |
| $8.49 | +$0.55 | +$55.00 |
| $8.99 | +$0.55 | +$55.00 |
| $9.49 | +$0.55 | +$55.00 |
| $9.99 | +$0.55 | +$55.00 |
When a covered call fits MBLY
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 MBLY 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 MBLY loaded.
Questions
- What does a MBLY covered call pay right now?
- The $8.00 call expiring Oct 30, 2026 (38 days out) collects $0.54 per share, 6.8% of the $7.99 share price, or 64.9% annualised if you repeat it.
- What is the break-even on a MBLY covered call?
- Selling the $8.00 call against stock bought at $7.99 breaks even at $7.45 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if MBLY closes above the strike?
- The shares are called away at $8.00. Total return is 6.9%: the premium plus the move from $7.99 up to the strike. Gains above the strike belong to the buyer.
More on MBLY
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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.