PLTR Covered Call
Every out-of-the-money PLTR 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 $180.00 strike at 5.0% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
PLTR covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $174.34 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 |
|---|---|---|---|---|---|---|---|
| $180.00 | 3.2% | $8.78 | 5.0% | 51.0% | $165.57 | 8.3% | 270 |
| $182.50 | 4.7% | $7.78 | 4.5% | 45.2% | $166.57 | 9.1% | 76 |
| $192.50 | 10.4% | $4.75 | 2.7% | 27.6% | $169.59 | 13.1% | 126 |
What the $180.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $174.34. Profit caps at $1,443.50 if PLTR finishes above $180.00; below $165.57 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $130.76 | $-34.81 | $-3,481.00 |
| $141.65 | $-23.91 | $-2,391.38 |
| $152.55 | $-13.02 | $-1,301.75 |
| $163.44 | $-2.12 | $-212.13 |
| $174.34 | +$8.78 | +$877.50 |
| $185.24 | +$14.43 | +$1,443.50 |
| $196.13 | +$14.43 | +$1,443.50 |
| $207.03 | +$14.43 | +$1,443.50 |
| $217.93 | +$14.43 | +$1,443.50 |
When a covered call fits PLTR
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 PLTR 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 PLTR loaded.
Questions
- What does a PLTR covered call pay right now?
- The $180.00 call expiring Oct 23, 2026 (36 days out) collects $8.78 per share, 5.0% of the $174.34 share price, or 51.0% annualised if you repeat it.
- What is the break-even on a PLTR covered call?
- Selling the $180.00 call against stock bought at $174.34 breaks even at $165.57 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if PLTR closes above the strike?
- The shares are called away at $180.00. Total return is 8.3%: the premium plus the move from $174.34 up to the strike. Gains above the strike belong to the buyer.
More on PLTR
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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.