XPEV Covered Call
Every out-of-the-money XPEV 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 $10.50 strike at 4.8% over 36 days.
Open interest and pricing as of the close on 2026-09-16. Recomputed every morning before the open.
XPEV covered call candidates — Oct 23, 2026, 36 days out
Strikes are picked by distance from the $10.34 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 |
|---|---|---|---|---|---|---|---|
| $10.50 | 1.5% | $0.50 | 4.8% | 49.0% | $9.84 | 6.4% | 1 |
| $11.00 | 6.4% | $0.45 | 4.4% | 44.1% | $9.89 | 10.7% | 310 |
| $11.50 | 11.2% | $0.27 | 2.6% | 26.0% | $10.08 | 13.8% | 5 |
What the $10.50 call pays at expiration
One illustrative strike — the richest premium in the table — against 100 shares bought at $10.34. Profit caps at $66.00 if XPEV finishes above $10.50; below $9.84 the premium stops covering the loss on the stock.
| Stock at expiration | Profit / loss per share | On 100 shares |
|---|---|---|
| $7.76 | $-2.09 | $-208.50 |
| $8.40 | $-1.44 | $-143.88 |
| $9.05 | $-0.79 | $-79.25 |
| $9.69 | $-0.15 | $-14.63 |
| $10.34 | +$0.50 | +$50.00 |
| $10.99 | +$0.66 | +$66.00 |
| $11.63 | +$0.66 | +$66.00 |
| $12.28 | +$0.66 | +$66.00 |
| $12.93 | +$0.66 | +$66.00 |
When a covered call fits XPEV
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 XPEV 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 XPEV loaded.
Questions
- What does a XPEV covered call pay right now?
- The $10.50 call expiring Oct 23, 2026 (36 days out) collects $0.50 per share, 4.8% of the $10.34 share price, or 49.0% annualised if you repeat it.
- What is the break-even on a XPEV covered call?
- Selling the $10.50 call against stock bought at $10.34 breaks even at $9.84 — the share price less the premium. Below that the premium no longer covers the loss on the shares.
- What happens if XPEV closes above the strike?
- The shares are called away at $10.50. Total return is 6.4%: the premium plus the move from $10.34 up to the strike. Gains above the strike belong to the buyer.
More on XPEV
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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.