RKT Covered Call
Every out-of-the-money RKT 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 $13.50 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.
RKT covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $12.95 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 |
|---|---|---|---|---|---|---|---|
| $13.50 | 4.2% | $0.73 | 5.6% | 57.2% | $12.22 | 9.9% | 198 |
| $14.00 | 8.1% | $0.57 | 4.4% | 44.6% | $12.38 | 12.5% | 61 |
What the $13.50 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $12.95. Profit caps at $128.00 if RKT finishes above $13.50; below $12.22 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $9.71 | $-2.51 | $-250.75 |
| $10.52 | $-1.70 | $-169.81 |
| $11.33 | $-0.89 | $-88.88 |
| $12.14 | $-0.08 | $-7.94 |
| $12.95 | +$0.73 | +$73.00 |
| $13.76 | +$1.28 | +$128.00 |
| $14.57 | +$1.28 | +$128.00 |
| $15.38 | +$1.28 | +$128.00 |
| $16.19 | +$1.28 | +$128.00 |
When a covered call fits RKT
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 RKT 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 RKT loaded.
Questions
- What does a RKT covered call pay right now?
- The $13.50 call expiring Oct 23, 2026 (36 days out) collects $0.73 per share, 5.6% of the $12.95 share price, or 57.2% annualised if you repeat it.
- What is the break-even on a RKT covered call?
- Selling the $13.50 call against stock bought at $12.95 breaks even at $12.22 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if RKT closes above the strike?
- The shares are called away at $13.50. Total return is 9.9%: the premium plus the move from $12.95 up to the strike. Gains above the strike belong to the buyer.
More on RKT
Run the numbers
Weekly options-market digest
Sundays. What moved this week, what catalysts and earnings drive next week, and which 5-pillar setups stand out.
Free. One email per week. Unsubscribe with one click.
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.