Understanding the UAN Covered Call Option Chain

This option chain displays covered call opportunities for CVR Partners LP (UAN) at strike prices near the current stock price. Covered calls are one of the most popular option income strategies, allowing investors who own shares to sell call options and collect premium income.

How to Read This Option Chain

• Strike Price: The price at which you agree to sell your shares if the option is exercised.
• Option Bid / Ask: The current market price to sell (bid) or buy (ask) the call option contract.
• Black-Scholes: The theoretical fair value of the option based on the Black-Scholes pricing model.
• If Not Assigned: Your percentage return if the stock stays below the strike price and you keep your shares plus the premium.
• If Assigned: Your total percentage return if the stock rises above the strike and your shares are called away.

Why Use Covered Calls on UAN?

Selling covered calls on UAN generates immediate cash income from the option premium. This premium provides downside protection if the stock drops, and if the stock stays flat or rises modestly, you keep both the premium and your shares. PowerOptions analyzes over 1,900,000 options across 5,900+ stocks to help you find the highest-return covered call opportunities.

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