Covered Call P&L visualized
before you trade

Model your covered call strategy. See premium income, breakeven, downside protection, and Greeks — instantly.

Underlying

Stock / ETF Symbol

Current Price ($)

IV (%)

Leg 1 — Long Stock

Cost Basis ($)

Stock Price ($)

DTE

Contracts

Leg 2 — Short Call

Strike

Premium ($)

Parameters

Risk-Free Rate (%)

Days to Analyze

Max Profit

—

per position

Max Loss

—

per position

Breakeven

—

at expiration

ROC

—

return on capital

P(Profit)

—

prob. of profit

50% Target

—

tastylive rule

Greeks (position)

—

Delta

—

Gamma

—

Theta/day

—

Vega

—

Rho

P&L at Expirationper 1 contract (×100 shares)

Stock Price	P&L ($)	P&L (%)	Status

⚡ tastylive Mechanical Rules

→Enter at 45 DTE for optimal theta decay curve

→Close at 50% of max profit — don't be greedy

→Manage at 21 DTE regardless of P&L

→Size to 1–5% of portfolio per trade

→Target 30% OTM probability of touch

→Sell premium in high IV environments (IVR > 30)

Covered Call P&L visualizedbefore you trade

Covered Call P&L visualized
before you trade