SKHY Covered Call
Every out-of-the-money SKHY 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 6.6% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
SKHY covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $174.87 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 | 2.9% | $11.53 | 6.6% | 66.8% | $163.35 | 9.5% | 431 |
| $182.50 | 4.4% | $10.43 | 6.0% | 60.4% | $164.45 | 10.3% | 109 |
| $192.50 | 10.1% | $7.43 | 4.2% | 43.0% | $167.45 | 14.3% | 12 |
What the $180.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $174.87. Profit caps at $1,665.50 if SKHY finishes above $180.00; below $163.35 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $131.15 | $-32.19 | $-3,219.25 |
| $142.08 | $-21.26 | $-2,126.31 |
| $153.01 | $-10.33 | $-1,033.37 |
| $163.94 | +$0.60 | +$59.56 |
| $174.87 | +$11.53 | +$1,152.50 |
| $185.80 | +$16.65 | +$1,665.50 |
| $196.73 | +$16.65 | +$1,665.50 |
| $207.66 | +$16.65 | +$1,665.50 |
| $218.59 | +$16.65 | +$1,665.50 |
When a covered call fits SKHY
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 SKHY 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 SKHY loaded.
Questions
- What does a SKHY covered call pay right now?
- The $180.00 call expiring Oct 23, 2026 (36 days out) collects $11.53 per share, 6.6% of the $174.87 share price, or 66.8% annualised if you repeat it.
- What is the break-even on a SKHY covered call?
- Selling the $180.00 call against stock bought at $174.87 breaks even at $163.35 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if SKHY closes above the strike?
- The shares are called away at $180.00. Total return is 9.5%: the premium plus the move from $174.87 up to the strike. Gains above the strike belong to the buyer.
More on SKHY
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.