OPEN-SOURCE SCRIPT
Updated Covered Call Visual

You enter Covered Call details and this draws the following lines:
Max Profit
Entry Price
Strike Price
Break even
You also enter entry and expiration dates and the lines will plot between those dates with the exception of the entry price.
Max Profit
Entry Price
Strike Price
Break even
You also enter entry and expiration dates and the lines will plot between those dates with the exception of the entry price.
Release Notes
I've corrected the Max Profit for if the strike price is above or below the underlying, and the break even as well.I've added an optional roll condition to see how the trade will work if you roll it out for a debit or credit.
simply select credit or debit and enter the credit or debit amount, the new strike, the date you rolled and the new expiration.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.