SNDK Covered Call
Every out-of-the-money SNDK 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 $1,565.00 strike at 7.6% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
SNDK covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $1,519.97 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 |
|---|---|---|---|---|---|---|---|
| $1,565.00 | 3.0% | $116.15 | 7.6% | 77.5% | $1,403.82 | 10.6% | 3 |
| $1,595.00 | 4.9% | $104.55 | 6.9% | 69.7% | $1,415.42 | 11.8% | 8 |
| $1,670.00 | 9.9% | $80.50 | 5.3% | 53.7% | $1,439.47 | 15.2% | 5 |
What the $1,565.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $1,519.97. Profit caps at $16,118.00 if SNDK finishes above $1,565.00; below $1,403.82 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $1,139.98 | $-263.84 | $-26,384.25 |
| $1,234.98 | $-168.84 | $-16,884.44 |
| $1,329.97 | $-73.85 | $-7,384.62 |
| $1,424.97 | +$21.15 | +$2,115.19 |
| $1,519.97 | +$116.15 | +$11,615.00 |
| $1,614.97 | +$161.18 | +$16,118.00 |
| $1,709.97 | +$161.18 | +$16,118.00 |
| $1,804.96 | +$161.18 | +$16,118.00 |
| $1,899.96 | +$161.18 | +$16,118.00 |
When a covered call fits SNDK
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 SNDK 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 SNDK loaded.
Questions
- What does a SNDK covered call pay right now?
- The $1,565.00 call expiring Oct 23, 2026 (36 days out) collects $116.15 per share, 7.6% of the $1,519.97 share price, or 77.5% annualised if you repeat it.
- What is the break-even on a SNDK covered call?
- Selling the $1,565.00 call against stock bought at $1,519.97 breaks even at $1,403.82 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if SNDK closes above the strike?
- The shares are called away at $1,565.00. Total return is 10.6%: the premium plus the move from $1,519.97 up to the strike. Gains above the strike belong to the buyer.
More on SNDK
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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.