SNOW Covered Calls: Premium Income for Snowflake
Snowflake operates a cloud data platform. High IV from growth stock dynamics creates premium-rich covered call opportunities.
This week's SNOW covered call snapshot (scan date 2026-08-14)
One covered call contract on SNOW (100 shares) collected about $1162.50 in premium at the $370.00 strike expiring 2026-09-11 — an annualized yield of about 47.9% at the time of the scan.
| Stock price | $328.01 |
|---|---|
| Strike | $370.00 |
| Premium per share | $11.63 |
| Premium per contract | $1162.50 |
| Annualized yield | 47.9% |
| Days to expiration | 27 |
| Delta | 0.31 |
Numbers are a snapshot from the most recent market-day scan and change with price and volatility. Run the live screener for current SNOW strikes ranked by premium-per-day.
SNOW covered call FAQ
How much premium does a SNOW covered call pay?
In the most recent Friday scan, the top-ranked SNOW covered call collected about $11.63 per share — roughly $1162.50 per contract (100 shares) — at the $370.00 strike expiring in 27 days. That worked out to about 47.9% annualized at scan time. Premiums change with the stock price and volatility, so run the live screener for current numbers.
Do I need 100 shares of SNOW to sell a covered call?
Yes. One options contract covers 100 shares, so selling one covered call on SNOW 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 SNOW?
The main trade-off is capped upside: if Snowflake 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.