TSLL Covered Call
Every out-of-the-money TSLL 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 $9.50 strike at 9.3% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
TSLL covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $9.31 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 |
|---|---|---|---|---|---|---|---|
| $9.50 | 2.0% | $0.87 | 9.3% | 94.7% | $8.44 | 11.4% | 181 |
| $10.00 | 7.4% | $0.73 | 7.8% | 79.0% | $8.59 | 15.2% | 209 |
What the $9.50 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $9.31. Profit caps at $106.00 if TSLL finishes above $9.50; below $8.44 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $6.98 | $-1.46 | $-145.75 |
| $7.56 | $-0.88 | $-87.56 |
| $8.15 | $-0.29 | $-29.38 |
| $8.73 | +$0.29 | +$28.81 |
| $9.31 | +$0.87 | +$87.00 |
| $9.89 | +$1.06 | +$106.00 |
| $10.47 | +$1.06 | +$106.00 |
| $11.06 | +$1.06 | +$106.00 |
| $11.64 | +$1.06 | +$106.00 |
When a covered call fits TSLL
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 TSLL 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 TSLL loaded.
Questions
- What does a TSLL covered call pay right now?
- The $9.50 call expiring Oct 23, 2026 (36 days out) collects $0.87 per share, 9.3% of the $9.31 share price, or 94.7% annualised if you repeat it.
- What is the break-even on a TSLL covered call?
- Selling the $9.50 call against stock bought at $9.31 breaks even at $8.44 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if TSLL closes above the strike?
- The shares are called away at $9.50. Total return is 11.4%: the premium plus the move from $9.31 up to the strike. Gains above the strike belong to the buyer.
More on TSLL
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.