UBER Covered Call
Every out-of-the-money UBER 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 $73.00 strike at 3.4% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
UBER covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $70.97 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 |
|---|---|---|---|---|---|---|---|
| $73.00 | 2.9% | $2.41 | 3.4% | 34.4% | $68.57 | 6.2% | 95 |
| $75.00 | 5.7% | $1.80 | 2.5% | 25.6% | $69.18 | 8.2% | 569 |
| $78.00 | 9.9% | $1.20 | 1.7% | 17.1% | $69.78 | 11.6% | 82 |
What the $73.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $70.97. Profit caps at $443.50 if UBER finishes above $73.00; below $68.57 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $53.23 | $-15.34 | $-1,533.75 |
| $57.66 | $-10.90 | $-1,090.19 |
| $62.10 | $-6.47 | $-646.62 |
| $66.53 | $-2.03 | $-203.06 |
| $70.97 | +$2.41 | +$240.50 |
| $75.41 | +$4.44 | +$443.50 |
| $79.84 | +$4.44 | +$443.50 |
| $84.28 | +$4.44 | +$443.50 |
| $88.71 | +$4.44 | +$443.50 |
When a covered call fits UBER
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 UBER 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 UBER loaded.
Questions
- What does a UBER covered call pay right now?
- The $73.00 call expiring Oct 23, 2026 (36 days out) collects $2.41 per share, 3.4% of the $70.97 share price, or 34.4% annualised if you repeat it.
- What is the break-even on a UBER covered call?
- Selling the $73.00 call against stock bought at $70.97 breaks even at $68.57 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if UBER closes above the strike?
- The shares are called away at $73.00. Total return is 6.2%: the premium plus the move from $70.97 up to the strike. Gains above the strike belong to the buyer.
More on UBER
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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.