SOXL Covered Call
Every out-of-the-money SOXL call expiring Sep 30, 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 $107.00 strike at 6.7% over 13 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
SOXL covered call candidates — Sep 30, 2026, 13 days out
Strikes are picked by distance from the $103.97 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 — 13 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 |
|---|---|---|---|---|---|---|---|
| $107.00 | 2.9% | $6.93 | 6.7% | 187.0% | $97.05 | 9.6% | 0 |
| $109.00 | 4.8% | $6.63 | 6.4% | 178.9% | $97.35 | 11.2% | 0 |
| $114.00 | 9.6% | $4.85 | 4.7% | 131.0% | $99.12 | 14.3% | 0 |
What the $107.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $103.97. Profit caps at $995.50 if SOXL finishes above $107.00; below $97.05 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $77.98 | $-19.07 | $-1,906.75 |
| $84.48 | $-12.57 | $-1,256.94 |
| $90.97 | $-6.07 | $-607.13 |
| $97.47 | +$0.43 | +$42.69 |
| $103.97 | +$6.93 | +$692.50 |
| $110.47 | +$9.96 | +$995.50 |
| $116.97 | +$9.96 | +$995.50 |
| $123.46 | +$9.96 | +$995.50 |
| $129.96 | +$9.96 | +$995.50 |
When a covered call fits SOXL
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 SOXL 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 SOXL loaded.
Questions
- What does a SOXL covered call pay right now?
- The $107.00 call expiring Sep 30, 2026 (13 days out) collects $6.93 per share, 6.7% of the $103.97 share price, or 187.0% annualised if you repeat it.
- What is the break-even on a SOXL covered call?
- Selling the $107.00 call against stock bought at $103.97 breaks even at $97.05 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if SOXL closes above the strike?
- The shares are called away at $107.00. Total return is 9.6%: the premium plus the move from $103.97 up to the strike. Gains above the strike belong to the buyer.
More on SOXL
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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.