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Covered Call Grid

Covered Call Grid

SFO

Calls above the cost basis, never naked.

First strike
The first listed ≥ max(spot, net cost × (1 + minimum gain)), plus the offset.
Spread
One lot per level from the up; remaining lots stack on the last level.
Single
All lots on the first .
Covered
A call is only sold when inventory covers it.

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