MicroStrategy Incorporated
MicroStrategy is a leveraged Bitcoin proxy with some of the highest sustained IV of any large-cap. Premium yields are extreme — and so is the gap-move risk. Size positions specifically to absorb a multi-standard-deviation swing.
IV typically 70–130%. Tracks Bitcoin with leverage; single-day moves of 15%+ are routine in crypto-volatility regimes.
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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.
This calculator answers the “what if” on a single MSTR 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 MSTR positions daily and surfaces the highest-EV rolls — strike, expiration, net credit pre-calculated.
Every premium, close, and assignment hits an immutable ledger. Reconciliation is built in. Tax season becomes a 5-minute export.
Each ticker has its own live calculator page with ticker-specific guidance.
MicroStrategy is a leveraged Bitcoin proxy with some of the highest sustained IV of any large-cap. Premium yields are extreme — and so is the gap-move risk. Size positions specifically to absorb a multi-standard-deviation swing.
IV typically 70–130%. Tracks Bitcoin with leverage; single-day moves of 15%+ are routine in crypto-volatility regimes. The exact yield on any specific MSTR 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.
MSTR's implied volatility expands meaningfully in the weeks leading up to an earnings report, then collapses after the event ("IV crush"). Most disciplined MSTR 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.
Pick an expiration and strike from the live MSTR 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.
CoverEdge auto-syncs from 80+ brokerages and gives you a full income ledger, AI roll recommendations, and tax-ready exports.
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