Picking a strike? Delta is an estimate, not a promise.
Hypothetical: stock $50, cost $48, 30-day calls
$50: delta 0.53, $1.80
$52: delta 0.35, $0.98
$54: delta 0.21, $0.48
More premium, more assignment risk.
Educational only. Not financial advice.
coveredloop.com/metrics-defi…
Covered calls in earnings week:
1. Expires after the report? That's gap risk.
2. Premium not worth the capped upside? Skip a week.
3. Still selling? Sell further out.
4. Near max profit? Close before the report.
Educational only. Not financial advice.
coveredloop.com/insights?utm…
Your memory keeps the wins and quietly deletes the rest.
45 seconds on why we journal every trade: rolls, assignments, plan vs. execution, all in one record. ($3,500 in the video is an example.)
Educational only. Not financial advice.
coveredloop.com/journaling?u…
1% in 7 days isn't 1% in 45 days.
Annualized = premium ÷ capital × 365 ÷ days
Hypothetical, $50 on $5,000 (1.0%):
7 days: 52.1%
45 days: 8.1%
It assumes you could repeat the trade all year. Rarely true.
Educational only. Not financial advice.
coveredloop.com/metrics-defi…
Getting assigned isn't losing. Judge the whole wheel, not each leg.
Hypothetical:
Sell $50 put: +$150
Assigned at $50 (stock at $47)
Sell $52 call: +$100
Called away: +$200
Whole loop: +$450 on $5,000 (9.0%)
Educational only. Not financial advice.
coveredloop.com/covered-call…
Hey @AmericanAir when are you going to get @Starlink on your flights. Don't make me tell on you to @elonmusk !
See a covered call or wheel tracked as one structure, no broker needed:
Free account + sample book: no card, no usage cap.
Manual book: free for 2 accounts / 25 trades.
Tradier live + paper: $29/mo, $199/yr or $499 lifetime.
coveredloop.com/pricing?utm_…
Took $2,000 out of a $50,000 account and ended at $49,000?
Balance change: −2.0%
Time-weighted return: +2.0%
A withdrawal isn't a trading loss. TWR removes deposits and withdrawals before measuring return. Our max drawdown uses the same rule.
coveredloop.com/metrics-defi…
You made $3,500 in premium this year. Did you actually make money?
Your broker shows trades. A journal shows the truth.
CoveredLoop.com
#coveredcalls #optionstrading #tradingjournal
Neither is automatically "better": strike distance, odds and duration differ too. But if you only log the credit, you can't compare them at all.
We show credit, max risk, ROC and duration on every structure:
coveredloop.com/credit-sprea…
There is nothing cooler to watch than my @bot swarm talking to each other as they update, fix, refine, and my site better.
Stock dropped and your short call already captured most of its value. Now what?
A common approach:
- Buy it back (many use ~70% of max profit)
- Leave shares uncovered for now
- Wait for a real rebound, then sell above cost basis
Not advice.
coveredloop.com/insights?utm…
CoveredLoop: portfolio analytics for options sellers, built for Tradier.
Live: official OAuth.
Paper: sandbox token, its own book, left out of combined P&L unless you turn it on.
Covered calls, the wheel, spreads and condors in one book.
coveredloop.com/what-we-offe…
3 numbers before selling a covered call.
Hypothetical: 100 sh at $50, sell the $55 call for $1.20.
Premium yield: $120 ÷ $5,000 = 2.4%
Return if assigned: ($120 + $500) ÷ $5,000 = 12.4%
Break-even: ($5,000 − $120) ÷ 100 = $48.80
Example only.
coveredloop.com/metrics-defi…
Short call is in the money near expiration. Roll it, or let the shares get called away?
5 questions a lot of covered-call sellers run through first 🧵
3. Does the only credit need a lower strike? Rolling down just to collect more caps your upside below where you'd be happy to sell.
4. Is the strike above your true average cost, net of premiums collected? If not, assignment locks in a stock loss.
5. Did your break-even suddenly jump? After rolls, assignments or partial lots, that's often a data/basis issue, not a real change.
Rules of thumb, not advice. How we keep rolls on one structure:
coveredloop.com/covered-call…
