NU Covered Call
Every out-of-the-money NU 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 $14.00 strike at 5.6% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
NU covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $13.81 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 |
|---|---|---|---|---|---|---|---|
| $14.00 | 1.4% | $0.78 | 5.6% | 56.9% | $13.04 | 7.0% | 54 |
| $14.50 | 5.0% | $0.57 | 4.1% | 41.8% | $13.24 | 9.1% | 32 |
| $15.00 | 8.6% | $0.35 | 2.5% | 25.7% | $13.46 | 11.2% | 50 |
What the $14.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $13.81. Profit caps at $96.50 if NU finishes above $14.00; below $13.04 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $10.36 | $-2.68 | $-267.75 |
| $11.22 | $-1.81 | $-181.44 |
| $12.08 | $-0.95 | $-95.13 |
| $12.95 | $-0.09 | $-8.81 |
| $13.81 | +$0.77 | +$77.50 |
| $14.67 | +$0.96 | +$96.50 |
| $15.54 | +$0.96 | +$96.50 |
| $16.40 | +$0.96 | +$96.50 |
| $17.26 | +$0.96 | +$96.50 |
When a covered call fits NU
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 NU 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 NU loaded.
Questions
- What does a NU covered call pay right now?
- The $14.00 call expiring Oct 23, 2026 (36 days out) collects $0.78 per share, 5.6% of the $13.81 share price, or 56.9% annualised if you repeat it.
- What is the break-even on a NU covered call?
- Selling the $14.00 call against stock bought at $13.81 breaks even at $13.04 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if NU closes above the strike?
- The shares are called away at $14.00. Total return is 7.0%: the premium plus the move from $13.81 up to the strike. Gains above the strike belong to the buyer.
More on NU
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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.