Covered Calls Under $50

The best low-priced covered call candidates combine a share price under $50 with liquid options, moderate implied volatility, and a business you'd be happy to keep holding. Accessible names like Ford, AT&T, Pfizer, SoFi, and Hims & Hers are common examples — but always confirm current price, IV, the next earnings date, and your own conviction before writing. This screen surfaces the live setups; the ranked list updates every 10 minutes.

Share price × 100. A $12 stock needs about $1,200 per contract; a $45 stock needs $4,500. Staying under $50 lets a $5,000–$10,000 account cover two or three positions across different sectors instead of tying everything up in one expensive name — the main reason smaller accounts favor lower-priced underlyings.

Not inherently — price and risk are different. A low-priced, stable, dividend-paying name can be lower risk than an expensive high-flyer. The real danger is writing calls on a stock that's cheap because it's declining, since a covered call only buffers a small part of a drawdown. Screen for quality and options liquidity first, then price.

By the 0–100 Opportunity Score used across CoverEdge's screeners: it blends bid-based income, assignment risk (delta), expected-move coverage, liquidity, and duration, minus an earnings penalty. That keeps realistic, tradeable setups on top instead of promoting the single most volatile low-priced name just because its raw yield looks enormous.