›››
Loading...
Loading...
Best strikes for RMD covered calls — top pick $230 with 45.9% annualized return.
ResMed Inc. — Top covered call setups ranked by yield and downside protection
ResMed Inc. (RMD) is a Healthcare stock with actively traded listed options. Among current candidates, the strongest income setup sits at the $230 strike with 24 days to expiration. IV Rank 49% is 4pp below the Healthcare sector median of 53%. This setup offers higher income potential, but caps upside at the strike. RMD wheel strategy.
Strike Placement
45.9% ann.Ranked #1 of 1 contracts by CC Score — balancing call yield, downside protection, and liquidity.
This is ★ Top Ranked of 1 contracts across 1 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 |
|---|---|---|---|
| $230★ TOP⚠️ Spans earnings | $6.70 | 45.9% | 53 |
*Annualized yield assumes hold to expiration with no early assignment. Actual results may vary.
Quantitative screening, not investment advice. Verify with your broker. Disclaimer
ResMed Inc. has earnings in 11 days. Selling covered calls into earnings carries IV crush risk — premiums are inflated by the event but collapse after the announcement. Consider expirations that expire before the earnings date, or accept that post-earnings IV contraction will reduce the remaining time value.
ResMed Inc.'s top CC strike has a delta of 0.40, 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 $230, this strike maximizes income. Otherwise, consider the next OTM strike for more room.
The bid-ask spread is 20.9% on the top-ranked strike with open interest of 131. Wider spreads increase slippage — the difference between the theoretical mid-price and your actual fill. Use limit orders at or near the mid price, avoid market orders, and consider whether the spread erodes a meaningful portion of the premium collected. If fills are consistently poor, look at more liquid expirations or strikes closer to the money.
The top-ranked covered call for ResMed Inc. is the $230 strike expiring 2026-05-15 (24 DTE), offering 45.9% annualized return with a delta of 0.40. It earns a CC Score of 53 out of 100. Data is updated daily after market close.
For ResMed Inc., 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 ResMed Inc..
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 ResMed Inc., 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 ResMed Inc. rallies sharply, you are obligated to sell at the strike price and miss gains above it. At the current top-ranked $230 strike (3.6% OTM), any rally beyond that level means you sell shares below market price. This risk is amplified with earnings in 11 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.
ResMed Inc. has earnings in 11 days. Selling covered calls into earnings is a double-edged sword: premiums are inflated by event IV, but post-earnings IV crush reduces remaining time value. Many traders choose expirations that expire before the earnings date or accept the crush as part of the premium collected.
ResMed Inc.'s top covered call shows 45.9% annualized. High annualized returns typically result from elevated IV, shorter DTE (which amplifies annualization), or closer-to-the-money strikes. Always check the CC Score — it penalizes strikes with poor liquidity or excessive event risk that may inflate the headline yield.
Free embeddable tool: IV Rank Gauge — add live IV data to any site. No signup, no API key.