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GME Covered Call Calculator

GameStop Corp.

GameStop carries some of the highest sustained IV in the market. Premium yields are extreme — and so is the gap-move risk. Best suited for traders who size positions specifically to absorb a multi-standard-deviation event.

IV typically 60–120%. Single-day moves of 20%+ are not unusual. Cost-basis discipline is non-negotiable.

Pick a ticker to begin

1

Each contract = 100 shares (so 100 shares).

$

Defaults to current price if you don't own the stock yet.

$

Auto-fills to the chain mid. Override with your actual fill price for accurate results.

Fill in the form to see your projected covered-call income.

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This calculator answers the “what if” on a single GME trade. CoverEdge answers it across every position you hold — every roll, every premium, every assignment — without a spreadsheet.

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Managed AI scans your GME positions daily and surfaces the highest-EV rolls — strike, expiration, net credit pre-calculated.

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Every premium, close, and assignment hits an immutable ledger. Reconciliation is built in. Tax season becomes a 5-minute export.

GME covered call FAQ

Is GME good for covered calls?

GameStop carries some of the highest sustained IV in the market. Premium yields are extreme — and so is the gap-move risk. Best suited for traders who size positions specifically to absorb a multi-standard-deviation event.

What's the typical GME covered call yield?

IV typically 60–120%. Single-day moves of 20%+ are not unusual. Cost-basis discipline is non-negotiable. The exact yield on any specific GME covered call depends on the strike you choose and how many days remain until expiration — the calculator above pulls live option-chain quotes and projects the annualized return for any strike/expiration combination instantly.

How does GME earnings risk affect covered calls?

GME's implied volatility expands meaningfully in the weeks leading up to an earnings report, then collapses after the event ("IV crush"). Most disciplined GME covered call sellers either skip the earnings cycle entirely or write a strike materially wider than usual to compensate for the elevated single-day move risk. The calculator's "If called away" row shows your worst-case capped upside if the stock gaps through the strike.

How does this GME covered call calculator work?

Pick an expiration and strike from the live GME option chain, set your contracts and cost basis, and the calculator computes your premium received, breakeven, capital at risk, return-if-flat, return-if-called, and annualized yield. Everything updates instantly with no signup required.

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