Covered Call

Covered Call Resources

Central hub for Toll Booth covered call documentation and examples, including opening, lifecycle, selection and pricing, rolling, closing, and the nightly symbols table.

Opening Overview

High-level summary of how Toll Booth decides when to open a covered call: top-level buying-power gates, instrument readiness, candidate selection, and the first loop through eligible options.

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Opening — Detailed Flow

Long-form technical documentation for covered call opening: how the trade resource is built from chains, pricing stages, open-readiness layers, and order construction with risk clamps and anti-collision checks.

View detailed opening doc

Position Life Cycle

Conceptual mermaid diagrams showing how covered call positions are opened, closed, and scalped inside Toll Booth, including high-level open/close and equity scalp flows.

View life cycle diagrams

Selection & Pricing

How covered call candidates are generated, filtered, and scored: delta and DTE regimes, EDM and expected-move gates, bid/ask and strike floors, and the open-pricing pipelines.

View selection & pricing

Rolling

Summary of the covered call rolling workflow: how positions become roll-ready, how templates and candidates are chosen, and the economic and risk checks that must pass before a roll order is placed.

View rolling doc

Closing

High-level closing process for covered calls, including how positions become close-ready, single-leg and spread checks, STOP_LIMIT behavior, and post-placement lifecycle and monitoring.

View closing doc

Covered Call Symbols Table

Nightly-generated symbols table summarizing theoretical covered call returns, implied and historical volatility, and average annualized return metrics across eligible underlyings.

View symbols table