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Best strikes for JCI covered calls — top pick $155 with 13.5% annualized return.
Johnson Controls International — Top covered call setups ranked by yield and downside protection
Johnson Controls International (JCI) is a Industrials stock with actively traded listed options. Among current candidates, the strongest income setup sits at the $155 strike with 26 days to expiration. IV Rank 47% is 9pp above the Industrials sector median of 38%. Moderate yield — shorter DTE or closer strikes could improve returns per cycle. JCI wheel strategy.
Strike Placement
13.5% ann.Ranked #1 of 7 contracts by CC Score — balancing call yield, downside protection, and liquidity.
This is ★ Top Ranked of 7 contracts across 2 expirations. ↓ Find it below
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 |
|---|---|---|---|
| $155★ TOP⚠️ Spans earnings | $1.35 | 13.5% | 68 |
| $145⚠️ Spans earnings | $4.35 | 43.4% | 61 |
| $150⚠️ Spans earnings | $2.63 | 26.2% | 60 |
| $160⚠️ Spans earnings | $0.75 | 7.5% | 55 |
| Strike | Premium | Ann. Yield* | Score |
|---|---|---|---|
| $150⚠️ Spans earnings | $4.30 | 18.6% | 62 |
| $145⚠️ Spans earnings | $6.30 | 27.2% | 60 |
| $155⚠️ Spans earnings | $2.83 | 12.2% | 59 |
*Annualized yield assumes hold to expiration with no early assignment. Actual results may vary.
Quantitative screening, not investment advice. Verify with your broker. Disclaimer
Johnson Controls International's best covered call currently offers 13.5% annualized at the $155 strike. Premiums are relatively thin in the current IV environment. Shareholders may consider shorter DTE expirations to accelerate theta decay or wait for IV expansion before initiating new covered call positions.
The top-ranked Johnson Controls International covered call uses a delta of 0.20, placing it in the conservative range (below 0.20). This means roughly 80% probability of expiring OTM. Conservative strikes collect less premium but preserve more upside potential and reduce assignment frequency.
VolRadar's CC Score ranks every Johnson Controls International 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 Johnson Controls International is the $155 strike expiring 2026-05-15 (26 DTE), offering 13.5% annualized return with a delta of 0.20. It earns a CC Score of 68 out of 100. Data is updated daily after market close.
For Johnson Controls International, 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 Johnson Controls International.
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 Johnson Controls International, 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 Johnson Controls International rallies sharply, you are obligated to sell at the strike price and miss gains above it. At the current top-ranked $155 strike (10.1% OTM), any rally beyond that level means you sell shares below market price. This risk is amplified with earnings in 16 days — a positive surprise can trigger a gap above your strike overnight, locking in the loss of upside before you can react. 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.
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