How to Use a Covered Call Scanner
Covered call scanner workflow. Learn how traders screen candidates using DTE, delta, IV, liquidity, and assignment planning.
Frequently asked questions
What delta is common for covered calls?
Many traders use lower-to-mid delta calls to balance premium collection with the chance of keeping shares, but the right range depends on your goals and willingness to be assigned.
Is high IV always better for covered calls?
Higher IV can increase premium, but it can also signal higher underlying risk. Premium should be evaluated along with your outlook on the stock and risk tolerance.
Should I avoid covered calls before earnings?
Some traders avoid earnings due to event risk, while others adjust strike selection or size. The important part is having a defined rule before entering the trade.