SOUN Covered Call
Every out-of-the-money SOUN 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 $6.00 strike at 7.4% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
SOUN covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $5.93 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 |
|---|---|---|---|---|---|---|---|
| $6.00 | 1.2% | $0.44 | 7.4% | 75.2% | $5.49 | 8.6% | 133 |
| $6.50 | 9.6% | $0.28 | 4.7% | 47.9% | $5.65 | 14.3% | 827 |
What the $6.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $5.93. Profit caps at $51.00 if SOUN finishes above $6.00; below $5.49 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $4.45 | $-1.04 | $-104.25 |
| $4.82 | $-0.67 | $-67.19 |
| $5.19 | $-0.30 | $-30.12 |
| $5.56 | +$0.07 | +$6.94 |
| $5.93 | +$0.44 | +$44.00 |
| $6.30 | +$0.51 | +$51.00 |
| $6.67 | +$0.51 | +$51.00 |
| $7.04 | +$0.51 | +$51.00 |
| $7.41 | +$0.51 | +$51.00 |
When a covered call fits SOUN
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 SOUN 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 SOUN loaded.
Questions
- What does a SOUN covered call pay right now?
- The $6.00 call expiring Oct 23, 2026 (36 days out) collects $0.44 per share, 7.4% of the $5.93 share price, or 75.2% annualised if you repeat it.
- What is the break-even on a SOUN covered call?
- Selling the $6.00 call against stock bought at $5.93 breaks even at $5.49 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if SOUN closes above the strike?
- The shares are called away at $6.00. Total return is 8.6%: the premium plus the move from $5.93 up to the strike. Gains above the strike belong to the buyer.
More on SOUN
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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.