TTD Covered Call
Every out-of-the-money TTD 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 $15.00 strike at 6.1% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
TTD covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $14.49 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 |
|---|---|---|---|---|---|---|---|
| $15.00 | 3.5% | $0.89 | 6.1% | 62.3% | $13.60 | 9.7% | 304 |
| $16.00 | 10.4% | $0.55 | 3.8% | 38.8% | $13.94 | 14.3% | 40 |
What the $15.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $14.49. Profit caps at $140.00 if TTD finishes above $15.00; below $13.60 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $10.87 | $-2.73 | $-273.25 |
| $11.77 | $-1.83 | $-182.69 |
| $12.68 | $-0.92 | $-92.12 |
| $13.58 | $-0.02 | $-1.56 |
| $14.49 | +$0.89 | +$89.00 |
| $15.40 | +$1.40 | +$140.00 |
| $16.30 | +$1.40 | +$140.00 |
| $17.21 | +$1.40 | +$140.00 |
| $18.11 | +$1.40 | +$140.00 |
When a covered call fits TTD
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 TTD 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 TTD loaded.
Questions
- What does a TTD covered call pay right now?
- The $15.00 call expiring Oct 23, 2026 (36 days out) collects $0.89 per share, 6.1% of the $14.49 share price, or 62.3% annualised if you repeat it.
- What is the break-even on a TTD covered call?
- Selling the $15.00 call against stock bought at $14.49 breaks even at $13.60 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if TTD closes above the strike?
- The shares are called away at $15.00. Total return is 9.7%: the premium plus the move from $14.49 up to the strike. Gains above the strike belong to the buyer.
More on TTD
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.