Covered Call Scanner & Screener
Covered call scanner for comparing strike, expiration, delta, and liquidity while keeping stock risk and assignment in view.
Frequently asked questions
What strike should I compare for a covered call?
Start with your acceptable sale price, cost basis, desired upside, expiration, and the premium available. Delta can help compare choices, but no strike removes downside or guarantees an outcome.
How should I choose a covered call expiration?
Match expiration to how long you are willing to keep the shares subject to assignment and how actively you can manage the position. Compare time decay, event dates, liquidity, and upside trade-offs.
What happens if my call gets assigned?
You sell your shares at the strike price. You keep the premium you collected. If you want to continue, buy shares back and repeat.
Does a covered call protect against a stock decline?
No. The premium provides only limited offset while you continue to own the shares. A decline can outweigh the premium, and the call can cap upside if the stock rallies.
What should a covered call scanner show me?
It should help compare strike, expiration, premium, delta, spread quality, volume, open interest, and relevant event timing against the shares you own.