Invesco QQQ Trust (Nasdaq-100)
QQQ delivers concentrated mega-cap tech exposure with deep, liquid options. It typically carries 3–5 IV points above SPY, so weekly and monthly covered calls produce noticeably richer premium for the same OTM distance.
IV usually 16–28%. The Nasdaq-100's tech tilt means QQQ has wider intraday swings than SPY — a feature, not a bug, for premium sellers.
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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 QQQ trade. CoverEdge answers it across every position you hold — every roll, every premium, every assignment — without a spreadsheet.
SnapTrade pulls every QQQ option fill, expiration, and assignment into CoverEdge automatically. No CSV uploads.
Managed AI scans your QQQ 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.
QQQ delivers concentrated mega-cap tech exposure with deep, liquid options. It typically carries 3–5 IV points above SPY, so weekly and monthly covered calls produce noticeably richer premium for the same OTM distance.
IV usually 16–28%. The Nasdaq-100's tech tilt means QQQ has wider intraday swings than SPY — a feature, not a bug, for premium sellers. The exact yield on any specific QQQ 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.
QQQ's implied volatility expands meaningfully in the weeks leading up to an earnings report, then collapses after the event ("IV crush"). Most disciplined QQQ 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 QQQ 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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