VKTX Covered Call
Every out-of-the-money VKTX call expiring Oct 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 $31.00 strike at 15.2% over 38 days.
Open interest and pricing as of the close on 2026-09-21. Recomputed every morning before the open.
VKTX covered call candidates — Oct 30, 2026, 38 days out
Strikes are picked by distance from the $30.11 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 — 38 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 |
|---|---|---|---|---|---|---|---|
| $31.00 | 3.0% | $4.58 | 15.2% | 146.1% | $25.53 | 18.2% | 15 |
| $32.00 | 6.3% | $4.22 | 14.0% | 134.6% | $25.89 | 20.3% | 7 |
| $33.00 | 9.6% | $3.61 | 12.0% | 115.2% | $26.50 | 21.6% | 4 |
What the $31.00 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $30.11. Profit caps at $547.00 if VKTX finishes above $31.00; below $25.53 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $22.58 | $-2.95 | $-294.75 |
| $24.46 | $-1.07 | $-106.56 |
| $26.35 | +$0.82 | +$81.63 |
| $28.23 | +$2.70 | +$269.81 |
| $30.11 | +$4.58 | +$458.00 |
| $31.99 | +$5.47 | +$547.00 |
| $33.87 | +$5.47 | +$547.00 |
| $35.76 | +$5.47 | +$547.00 |
| $37.64 | +$5.47 | +$547.00 |
When a covered call fits VKTX
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 VKTX 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 VKTX loaded.
Questions
- What does a VKTX covered call pay right now?
- The $31.00 call expiring Oct 30, 2026 (38 days out) collects $4.58 per share, 15.2% of the $30.11 share price, or 146.1% annualised if you repeat it.
- What is the break-even on a VKTX covered call?
- Selling the $31.00 call against stock bought at $30.11 breaks even at $25.53 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if VKTX closes above the strike?
- The shares are called away at $31.00. Total return is 18.2%: the premium plus the move from $30.11 up to the strike. Gains above the strike belong to the buyer.
More on VKTX
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.