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Best strikes for HLT covered calls — top pick $320 with 21.2% annualized return.
Hilton Worldwide — Top covered call setups ranked by yield and downside protection
Hilton Worldwide (HLT) operates in the Consumer Discretionary sector and has actively traded listed options. Among current candidates, the strongest income setup sits at the $320 strike with 46 days to expiration. IV Rank 51% is 11pp below the Consumer Discretionary sector median of 62%. This setup offers higher income potential, but caps upside at the strike. HLT wheel strategy.
Strike Placement
21.2% ann.Ranked #1 of 6 contracts by CC Score — balancing call yield, downside protection, and liquidity.
CC Score = Income (22%) + Safety (18%) + Liquidity (18%) + Quality (14%) + Event (12%) + IV (8%) + Execution (8%)Annualized return, delta, bid-ask spread, open interest, earnings proximity, IV rank, DTE
VolRadar proprietary composite score using ORATS chain data
CC Score optimizes for income generation, not total return. Covered calls cap upside — stocks that rally strongly will underperform a buy-and-hold approach. Past CC returns do not predict future yields.
Every covered call strike sorted by CC Score. Higher score = better risk-adjusted income potential.
★ = Highest risk-adjusted CC Score across all expirations and strikes.
| Strike | Premium | Ann. Yield* | Score |
|---|---|---|---|
| $330 | $0.97 | 9.5% | 44 |
| $320 | $2.90 | 28.4% |
Yield is only half the decision. Compare expirations by premium, upside cap, gamma risk, and assignment risk before choosing a contract.
⚠ The highest-yield DTE is not always the best choice for HLT
Short expirations can look better on yield while carrying more gamma, spread, and event risk.
Quantitative screening, not investment advice. Verify with your broker. Disclaimer
Hilton Worldwide currently offers a covered call at the $320 strike with 21.2% annualized return over 46 days. This represents a solid income opportunity for shareholders looking to generate yield on their position. The 3.0% distance to strike provides cushion against early assignment.
Hilton Worldwide's top CC strike has a delta of 0.41, above the 0.35 threshold. Higher-delta covered calls generate more premium income but face greater assignment probability. If you are comfortable being called away at $320, this strike maximizes income. Otherwise, consider the next OTM strike for more room.
VolRadar's CC Score ranks every Hilton Worldwide covered call opportunity from 0 to 100 across seven weighted dimensions: Income potential (22%), Safety (18%), Liquidity (18%), Underlying Quality (14%), Event Safety (12%), IV Opportunity (8%), and Execution Quality (8%). The score updates daily after market close, reflecting the latest option chain data.
The top-ranked covered call for Hilton Worldwide is the $320 strike expiring 2026-06-18 (46 DTE), offering 21.2% annualized return with a delta of 0.41. It earns a CC Score of 58 out of 100. Data is updated daily after market close.
For Hilton Worldwide, delta 0.20–0.30 is a common range for covered calls. This gives 70–80% probability of the option expiring worthless while collecting meaningful premium. Lower delta (0.15–0.20) is more conservative, while 0.30–0.40 generates more income but has higher assignment probability.
The CC Score (0–100) ranks covered call opportunities across 7 dimensions: Income potential (22%), Safety (18%), Liquidity (18%), Underlying Quality (14%), Event Safety (12%), IV Opportunity (8%), and Execution Quality (8%). Higher scores mean better risk-adjusted opportunities. Sort by CC Score to find the best strike and expiration combo for Hilton Worldwide.
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This is ★ Top Ranked of 6 contracts across 2 expirations. ↓ Find it below
| 44 |
| $328 | $1.35 | 13.2% | 42 |
| Strike | Premium | Ann. Yield* | Score |
|---|---|---|---|
| $320★ TOP | $8.30 | 21.2% | 58 |
| $330 | $4.75 | 12.1% | 53 |
| $340 | $2.42 | 6.2% | 53 |
*Annualized yield assumes hold to expiration with no early assignment. Actual results may vary.
Weekly covered calls (7–14 DTE) offer faster theta decay and more flexibility but require active management. Monthly covered calls (30–45 DTE) balance time premium with less frequent rolling. For Hilton Worldwide, current elevated IV makes both viable — weeklies capture the rich premium faster. The CC Score ranks both DTE ranges so you can compare directly.
The primary risk is capped upside: if Hilton Worldwide rallies sharply, you are obligated to sell at the strike price and miss gains above it. At the current top-ranked $320 strike (3.0% OTM), any rally beyond that level means you sell shares below market price. To contextualize: covered calls are best suited for sideways-to-mildly-bullish outlooks. If you expect a significant move higher, consider waiting to sell the call or using a wider strike. The CC Score penalizes strikes with elevated event risk to help you avoid the worst setups.
The top-ranked Hilton Worldwide covered call has 46 DTE, beyond the typical 30–45 day sweet spot. Longer-dated calls collect more total premium but have slower theta decay per day and more exposure to price moves. Consider whether you want to commit shares for that duration, and compare the annualized yield against shorter expirations in the table.