01 — QQQ · COVERED CALLS

Best QQQ 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.

Tech-concentrated ETF with liquid options and trend-sensitive intraday behavior.

Find the best strikes →FREE · 20 ANALYSES/DAY · NO CARD
Invesco QQQ Trust
Index ETF
QQQ
$690.49-6.7% / 30d
IV rank (1y)
49.3% · moderate
Option vol
831K /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
$710 call · Dec 4
34 DAYS · 2.8% OTM · SELL TO OPEN
Credit
$1268
Return
1.84%
PoP
61%
StrikeExpirationCreditReturn ↓PoP
$708
2.5% OTM
Nov 30
30 days
$1165
$11.65 / share
1.69%61%
$709
2.7% OTM
Nov 30
30 days
$1155
$11.55 / share
1.67%62%
$713
3.3% OTM
Dec 4
34 days
$1150
$11.50 / share
1.67%64%
$710
2.8% OTM
Nov 30
30 days
$1116
$11.16 / share
1.62%62%
$714
3.4% OTM
Dec 4
34 days
$1100
$11.00 / share
1.59%64%
$710
2.8% OTM
Nov 27
27 days
$1083
$10.83 / share
1.57%63%
$711
3.0% OTM
Nov 30
30 days
$1075
$10.75 / share
1.56%63%
$715
3.5% OTM
Dec 4
34 days
$1049
$10.49 / share
1.52%65%
$712
3.1% OTM
Nov 30
30 days
$1024
$10.24 / share
1.48%64%
10 of 45 matchesCustomize filters →

03 — Strategy

Covered Calls, plainly explained

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

P&L at expiration · $710 call · 34 DTE

$0+$3,219losses$677.81 BREAKEVEN$710 STRIKE

Key numbers

Premium collected+$1,268
Max profit+$3,219
Breakeven$677.81
Capped above$710
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 QQQ.

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

Analyze QQQ free →