NVDL Covered Call
Every out-of-the-money NVDL 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 $33.50 strike at 6.4% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
NVDL covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $32.39 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 |
|---|---|---|---|---|---|---|---|
| $33.50 | 3.4% | $2.07 | 6.4% | 64.8% | $30.32 | 9.8% | 3 |
| $34.00 | 5.0% | $1.89 | 5.8% | 59.0% | $30.51 | 10.8% | 4 |
| $35.50 | 9.6% | $1.83 | 5.6% | 57.3% | $30.56 | 15.3% | 1 |
What the $33.50 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $32.39. Profit caps at $318.00 if NVDL finishes above $33.50; below $30.32 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $24.29 | $-6.03 | $-602.75 |
| $26.32 | $-4.00 | $-400.31 |
| $28.34 | $-1.98 | $-197.88 |
| $30.37 | +$0.05 | +$4.56 |
| $32.39 | +$2.07 | +$207.00 |
| $34.41 | +$3.18 | +$318.00 |
| $36.44 | +$3.18 | +$318.00 |
| $38.46 | +$3.18 | +$318.00 |
| $40.49 | +$3.18 | +$318.00 |
When a covered call fits NVDL
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 NVDL 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 NVDL loaded.
Questions
- What does a NVDL covered call pay right now?
- The $33.50 call expiring Oct 23, 2026 (36 days out) collects $2.07 per share, 6.4% of the $32.39 share price, or 64.8% annualised if you repeat it.
- What is the break-even on a NVDL covered call?
- Selling the $33.50 call against stock bought at $32.39 breaks even at $30.32 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if NVDL closes above the strike?
- The shares are called away at $33.50. Total return is 9.8%: the premium plus the move from $32.39 up to the strike. Gains above the strike belong to the buyer.
More on NVDL
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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.