01 — JPM · COVERED CALLS

Best JPM covered calls setups.

Pick how long you want to wait and how much risk you'll take. We score every live strike across the next 3 expirations and surface the top setups — updated hourly.

Largest US bank by assets with stable options flow tied to NIM, trading revenue, and credit cycle.

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JPMorgan Chase
Financials
JPM
$337.04+2.4% / 30d
IV rank (1y)
13.8% · low
Next earnings
Jan 14
Market cap
$895.0B
P/E (fwd)
13.2
Dividend
$6.15 · Oct 6
Option vol
13K /day

02 — Live setups

Suggested strikes

Choose your time horizon and risk band. Every match is scored on return, premium, and probability of profit.

Days to expiration
Probability of profit
Sort by
Top pick
$345 call · Dec 4
34 DAYS · 2.4% OTM · SELL TO OPEN
Credit
$620
Return
1.84%
PoP
61%
StrikeExpirationCreditReturn ↓PoP
$350
3.9% OTM
Dec 4
34 days
$515
$5.15 / share
1.53%69%
$345
2.4% OTM
Nov 27
27 days
$480
$4.80 / share
1.42%62%
$350
3.9% OTM
Nov 27
27 days
$347
$3.47 / share
1.03%72%
$430
27.6% OTM
Nov 27
27 days
$0
$0.00 / share
0%70%
$435
29.1% OTM
Nov 27
27 days
$0
$0.00 / share
0%70%
$395
17.2% OTM
Dec 4
34 days
$0
$0.00 / share
0%70%
$400
18.7% OTM
Dec 4
34 days
$0
$0.00 / share
0%70%
$405
20.2% OTM
Dec 4
34 days
$0
$0.00 / share
0%70%
$410
21.6% OTM
Dec 4
34 days
$0
$0.00 / share
0%70%
10 of 15 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

Neutral-to-mildly bullish traders focused on steady premium collection.

P&L at expiration · $345 call · 34 DTE

$0+$1,416losses$330.84 BREAKEVEN$345 STRIKE

Key numbers

Premium collected+$620
Max profit+$1,416
Breakeven$330.84
Capped above$345
Probability of profit61%
Days to expiration34

When this trade makes sense

Use when

  • ✓You already own 100+ shares of the stock
  • ✓You'd be fine selling at the strike price
  • ✓You think the stock goes flat or slightly up
  • ✓IV rank is elevated — premiums are rich

Avoid when

  • ✕You think the stock is about to rip higher
  • ✕You're attached to the shares (tax, conviction)
  • ✕Earnings are inside the expiration window
  • ✕Premiums are unusually low — nothing to collect
Read the full covered calls guide →

05 — RUN IT LIVE

See the highest chance of profit on JPM.

Alpha Hawk scans live chains and recommends setups based on current market conditions.

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