Realty Income Corporation
Realty Income — 'The Monthly Dividend Company' — is a REIT income investors love. Its low share price and monthly payout make covered calls on O a way to stack option premium on an already income-focused holding.
IV typically 16–26%. Rate-sensitive but otherwise low-beta; suited to conservative wide-strike writing.
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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 O trade. CoverEdge answers it across every position you hold — every roll, every premium, every assignment — without a spreadsheet.
SnapTrade pulls every O option fill, expiration, and assignment into CoverEdge automatically. No CSV uploads.
Managed AI scans your O 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.
Realty Income — 'The Monthly Dividend Company' — is a REIT income investors love. Its low share price and monthly payout make covered calls on O a way to stack option premium on an already income-focused holding.
IV typically 16–26%. Rate-sensitive but otherwise low-beta; suited to conservative wide-strike writing. The exact yield on any specific O 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.
O's implied volatility expands meaningfully in the weeks leading up to an earnings report, then collapses after the event ("IV crush"). Most disciplined O 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 O 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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