MSTR Covered Calls: Premium Income for MicroStrategy

MicroStrategy is a software company with massive Bitcoin holdings. Extreme crypto-correlated IV generates some of the largest covered call premiums available.

What MSTR shares could pay in covered call premium

MicroStrategy is a software company with massive Bitcoin holdings. Extreme crypto-correlated IV generates some of the largest covered call premiums available.

Covered Call Pro ranks live MSTR call options by premium-per-day — strike, expiry, premium, and annualized yield — with illiquid chains filtered out. Run the live screener to see today's numbers.

MSTR covered call FAQ

How much premium does a MSTR covered call pay?

Premiums change daily with MicroStrategy's stock price and implied volatility. The Covered Call Pro screener ranks live MSTR strikes by premium-per-day so you can see exactly what your shares could pay right now.

Do I need 100 shares of MSTR to sell a covered call?

Yes. One options contract covers 100 shares, so selling one covered call on MSTR requires owning at least 100 shares. If you own fewer, the position would not be "covered."

What is the risk of selling covered calls on MSTR?

The main trade-off is capped upside: if MicroStrategy rises above your strike price by expiration, your shares can be called away at the strike. You keep the premium either way, but you give up gains beyond the strike. You also keep full downside exposure to the stock itself. This page is educational information, not investment advice.

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Educational information only — not investment advice. Options involve risk, including capped upside and full downside exposure to the underlying stock.