A covered call calculator is a financial tool that helps investors calculate the potential profit or loss of a covered call strategy. It takes into account the current stock price, the strike price of the call option, the time to expiration, and the volatility of the underlying asset.
Covered call calculators are important for investors because they can help them make informed decisions about whether or not to enter into a covered call strategy. By understanding the potential risks and rewards, investors can make better choices about how to allocate their capital.