Covered calls on NVDA
NVIDIA Corporation was trading at $214.95 when this page was last refreshed on September 16, 2026. 20 out-of-the-money NVDA calls sat in the 0.15 to 0.25 delta band that covered call writers work in, paying $80 to $151 a contract. 20 of them came back scored, and the app would have ranked those and shown you the top few.
Numbers on this page come from a snapshot taken on September 16, 2026. They are not live quotes and are not refreshed when you load the page.
| Expiry | Strike | Bid / ask | Premium | Annualized | Keep odds | Break-even | OI |
|---|---|---|---|---|---|---|---|
| September 21 5d | $222.50 | $0.79 / $0.81 | $80 | 27.2% | 82% | $223.30 | 1,789 |
| September 23 7d | $222.50 | $1.29 / $1.32 | $131 | 31.7% | 77% | $223.81 | 512 |
| September 25 9d | $225.00 | $1.22 / $1.24 | $123 | 23.2% | 79% | $226.23 | 18,500 |
| September 28 12d | $225.00 | $1.49 / $1.52 | $151 | 21.3% | 77% | $226.51 | 8,205 |
| September 30 14d | $230.00 | $1.01 / $1.09 | $105 | 12.7% | 84% | $231.05 | 530 |
| October 2 16d | $230.00 | $1.39 / $1.41 | $140 | 14.9% | 82% | $231.40 | 12,129 |
One row per expiration: the out-of-the-money strike closest to the middle of the delta band, which is the strike you would actually be looking at on that expiry. Break-even on a covered call is your own cost basis minus the premium, not the strike minus the premium, so the column above is the strike-side break-even and yours depends on what you paid for the shares.
What the premium is priced off
33% at the money is well above a market-average tape. You get paid more here. You get paid more here because it moves more.
Can you actually get filled
Median bid-ask spread across these strikes is 2.3% of the mid. That is tight enough that the spread is not a real cost, which is rarer than it sounds. Open interest is deep, 8,205 contracts at the median strike, so getting out early is not a problem.
Dates that matter in this window
The earnings calendar was checked and came back clean for the 45-day window. Worth confirming yourself before you write anything: calendars move, and an unconfirmed date is not the same as no date.
What the annualized column hides
The best annualized number in this ladder is 31.7%, on the $222.50 strike expiring September 23. It is $131 of actual cash. It annualizes well because it is a 7-day contract, and annualizing a two-week trade assumes you find twenty-six more like it, at the same premium, with the same risk. You will not. The near expiry is close behind at 27.2%, with a lot less time for the position to go wrong.
If it gets called away
Take the $230.00 strike expiring October 2. You collect $140 up front. If NVDA finishes above $230.00 your 100 shares are sold there, and the 7.0% move from $214.95 up to the strike is yours as well. Everything above it is not. The model puts the odds of keeping the premium without being assigned at about 82%, which is the whole point of writing that far out.
The number nobody checks is the cost basis. If you paid more than $230.00 for these shares, that strike locks in a loss on the stock, and $140 of premium does not repair it. A covered call is only a good trade at a strike you would genuinely accept selling at.
Questions people actually ask
What is a good strike for a covered call on NVDA?
The strikes above are the ones in the 0.15 to 0.25 delta band, which is where premium sellers targeting roughly an 80% chance of keeping the premium tend to sit. On the September 16, 2026 snapshot that meant $222.50 out to $230.00, depending on how far out you go. The right one for you is the lowest strike you would still be happy selling your shares at.
How much can you make selling covered calls on NVDA?
The best annualized figure in the ladder above was 31.7%, and the cash it represents was $131 for one contract. Annualized numbers assume you repeat the trade all year at the same premium, which nobody does. Treat them as a way to compare expiries, not as a forecast.
Does OptionsKing recommend selling calls on NVDA?
No. This page is a dated snapshot of the chain, not a recommendation, and the app has no opinion to offer beyond an ordering. It scores every in-band strike and shows you the best few by rank, with no minimum score anywhere, so at the last refresh 20 of the 20 in-band strikes were scored and the top few would have reached you whatever those scores were. See how the scoring works and the full disclaimer.
Nothing above is a recommendation. It is what the NVDA chain looked like on September 16, 2026, filtered to the strikes a premium seller would look at first, and the prices have moved since you loaded this page.