POET Covered Call
Every out-of-the-money POET 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 $7.50 strike at 9.8% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
POET covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $7.40 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 |
|---|---|---|---|---|---|---|---|
| $7.50 | 1.4% | $0.73 | 9.8% | 99.3% | $6.68 | 11.1% | 115 |
| $8.00 | 8.1% | $0.54 | 7.2% | 73.3% | $6.87 | 15.3% | 107 |
What the $7.50 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $7.40. Profit caps at $82.50 if POET finishes above $7.50; below $6.68 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $5.55 | $-1.12 | $-112.50 |
| $6.01 | $-0.66 | $-66.25 |
| $6.48 | $-0.20 | $-20.00 |
| $6.94 | +$0.26 | +$26.25 |
| $7.40 | +$0.73 | +$72.50 |
| $7.86 | +$0.82 | +$82.50 |
| $8.33 | +$0.82 | +$82.50 |
| $8.79 | +$0.82 | +$82.50 |
| $9.25 | +$0.82 | +$82.50 |
When a covered call fits POET
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 POET 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 POET loaded.
Questions
- What does a POET covered call pay right now?
- The $7.50 call expiring Oct 23, 2026 (36 days out) collects $0.73 per share, 9.8% of the $7.40 share price, or 99.3% annualised if you repeat it.
- What is the break-even on a POET covered call?
- Selling the $7.50 call against stock bought at $7.40 breaks even at $6.68 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if POET closes above the strike?
- The shares are called away at $7.50. Total return is 11.1%: the premium plus the move from $7.40 up to the strike. Gains above the strike belong to the buyer.
More on POET
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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.