CalcMyCoin

Covered Call Calculator

Selling calls against coins you hold: premium now, upside capped at the strike. This shows the payoff at any expiry price and the exact cost of the cap.

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Results (live)

P&L at this expiry$6,800
Max profit (at/above strike)$8,800
Downside break-even$63,200
Upside given away above$72,000

Estimates only, not financial advice. All math runs in your browser; nothing you type leaves this page.

How it works

P&L = min(expiry, strike) − spot + premium

max profit = strike − spot + premium

Worked example

Holding BTC at $65k, selling a $72k call for $1,800: at $70k expiry you make $6,800. At $85k you still make only $8,800; the $13k above strike belonged to the buyer.

FAQ

When do covered calls hurt?

In face-melting rallies, where the cap forfeits the move that pays for years of premiums. Sellers eat well until the one candle that feeds buyers.

What strike should I sell?

Further strikes pay less but cap later. Many sellers use 10-20% out-of-the-money monthlies and accept assignment cheerfully as 'selling the top I said I'd sell.'

Related calculators

Position Size CalculatorSize from account risk and stop distance.Liquidation Price CalculatorWhere leverage ends the trade for you.Funding Rate CalculatorWhat holding a perp really costs.TP/SL CalculatorTake profit and stop levels from R multiples.

Estimates only, not financial, tax or investment advice. Verify numbers against your exchange or a professional before acting.