The Covered Calls page allows you to view these options for the nearest expiration date. Barchart Premier subscribers can view other expiration dates.
Options information is delayed a minimum of 15 minutes, and is updated at least once every 15-minutes through-out the day. The strategy is updated every 20 minutes thereafter throughout the day with new option candidates. The screener displays probability calculations based on the delayed stock price at the time the strategy is updated.
About Covered Calls
Selling covered calls is an investment strategy that can be used to generate additional income from the stock positions you already own. Over 75% of options are held until expiration and expire worthless.
Using a covered call strategy, you can sell options on the stocks you own (providing downside protection on the stock), and earn the premium income if the option expires worthless. You earn a premium (income) from writing the call, and still have all the benefits of owning the stock (dividends), provided the call is not exercised before it expires.
- You own (are long) at least 100 shares of a stock.
- You sell (short) a call option against that stock (1 option controls 100 shares).
Thus, 1 Covered Call = long 100 shares of a stock + short 1 call option.
The aggregate operation is typically known as covered call writing.
It is called “covered” because should the option be exercised you own the stock required to fulfill the delivery obligation for the 100 shares, as opposed to selling a naked call, where you don't own the underlying stock, which represents an unlimited liability for the seller. When writing covered calls you are protected against unlimited losses in the event that the strike price dips below the market price of the underlying asset. A similar strategy to writing a covered call is to sell a naked put.
Covered Calls Strategy: The page is initially sorted by descending "Potential Return". Data fields displayed include: Last - the delayed stock price at the time the strategy is updated for the underlying equity. Strike - the price at which the underlying security can be bought if the option is exercised. Call Bid - the premium to purchase this call option. Net Debit - the cost to enter this covered call, or the break-even point for the call on expiration date. Net Debit is calculated as (Stock Price - Call Bid). If the stock price is HIGHER than the calls Net Debit on expiration, the call will make a profit. Break Even% - the percentage of downside protection a covered call offers. Downside Protection is calculated as (Call Bid / Stock Price *100). The greater the Downside Protection Percent, the more room you have to allow the stock to drop on expiration day and still earn a profit on the call. Delta - Delta measures the amount an option price will change as a result of a $1.00 price change of the underlying security. Since call options rise and fall directly with the price of the stock, they are assigned deltas between 0 to 100. Potential Return - the potential return for this strategy, assuming the stock price remains the same (i.e. flat) until the option expires. For a covered call, Potential Return is calculated using Time Premium, your profit (income) per share between now and option expiration.
Annualized Potential Return - the annualized percentage of potential return for this covered call assuming the stock price remains the same (i.e. flat) until the option expiration. It is calculated as (Potential Return / Days Held) * 365 where Days Held is the number of days remaining until expiration. Volume - the total number of options traded in the current day for a contract. Open Interest - the total number of open option contracts in the market for a particular contract. The more popular the contract is with options traders, the greater the Open Interest. An opening transaction will increase the Open Interest, and a closing transaction will decrease it.
- Time Premium = (Strike + Call Bid - Stock Last Price)
- Calculate Net Debit: (Stock Last Price - Call Bid)
- Potential Return = Time Premium / Net Debit
For pages showing Intraday views, we use the current session's data, with new price data appear on the page as indicated by a "flash". Stocks: 15 minute delay (Cboe BZX data for U.S. equities is real-time), ET. Volume reflects consolidated markets. Futures and Forex: 10 or 15 minute delay, CT.
The list of symbols included on the page is updated every 10 minutes throughout the trading day. However, new stocks are not automatically added to or re-ranked on the page until the site performs its 10-minute update.
Pages are initially sorted in a specific order (depending on the data presented). You can re-sort the page by clicking on any of the column headings in the table.
Most data tables can be analyzed using "Views." A View simply presents the symbols on the page with a different set of columns. Site members can also display the page using Custom Views. (Simply create a free account, log in, then create and save Custom Views to be used on any data table.)
Each View has a "Links" column on the far right to access a symbol's Quote Overview, Chart, Options Quotes (when available), Barchart Opinion, and Technical Analysis page. Standard Views found throughout the site include:
- Main View: Symbol, Name, Last Price, Change, Percent Change, High, Low, Volume, and Time of Last Trade.
- Technical View: Symbol, Name, Last Price, Today's Opinion, 20-Day Relative Strength, 20-Day Historic Volatility, 20-Day Average Volume, 52-Week High and 52-Week Low.
- Performance View: Symbol, Name, Last Price, Weighted Alpha, YTD Percent Change, 1-Month, 3-Month and 1-Year Percent Change.
- Fundamental View: Available only on equity pages, shows Symbol, Name, Weighted Alpha, Market Cap, P/E Ratio. Earnings Per Share, Beta, Return on Equity, and Price/Sales
Data Table Expand
Unique to Barchart.com, data tables contain an "expand" option. Click the "+" icon in the first column (on the left) to "expand" the table for the selected symbol. Scroll through widgets of the different content available for the symbol. Click on any of the widgets to go to the full page.
Horizontal Scroll on Wide Tables
Especially when using a custom view, you may find that the number of columns chosen exceeds the available space to show all the data. In this case, the table must be horizontally scrolled (left to right) to view all of the information. To do this, you can either scroll to the bottom of the table and use the table's scrollbar, or you can scroll the table using your browser's built-in scroll:
- Left-click with your mouse anywhere on the table.
- Use your keyboard's left and right arrows to scroll the table.
- Repeat this anywhere as you move through the table to enable horizontal scrolling.
Also unique to Barchart, FlipCharts allow you to scroll through all the symbols on the table in a chart view. While viewing FlipCharts, you can apply a custom Chart Template, further customizing the way you can analyze the symbols. FlipCharts are a free tool available to Site Members.
Download is a free tool available to Site Members. This tool will download a .csv file for the View being displayed. For dynamically-generated tables (such as a Stock or ETF Screener) where you see more than 1000 rows of data, the download will be limited to only the first 1000 records on the table. For other static pages (such as the Russell 3000 Components list) all rows will be downloaded.
Free members are limited to 10 downloads per day, while Barchart Premier Members may download up to 100 .csv files per day.
Should you require more than 50 downloads per day, please contact Barchart Sales at 866-333-7587 or email firstname.lastname@example.org for more information or additional options about historical market data.