Finding a poor man’s covered call on NVDA
Recorded in cvforge on May 17, 2026 by ConvexValue · Published July 25, 2026
Candidate long-dated call and short call combinations on NVDA ranked as a diagonal spread, with payoff diagrams to compare the shapes.
Exact prompt
find me the best poor-man's covered call on $NVDA - I want to be able to visualize payoff diagrams
Data cadence
Live U.S. option snapshots, refreshed through the session. Open interest is an end-of-previous-day figure and updates once daily.
Plan requirements
Runs on the free cvforge app and the free data tier (20 requests/hour). No card needed.
Fields used
fair_market_value, strike_price, expiration_date, contract_type, break_even_price, implied_volatility, delta
How to read it
A poor man’s covered call replaces owning the stock with a deep long-dated call, so the search is over two legs at once: which long call gives enough exposure, and which short call pays enough without capping too early.
The payoff diagram is doing the real work, because ranking these numerically is misleading — two structures with similar maximum profit can have very different break-evens and very different behaviour if the stock moves early. Compare the shapes, then look at the numbers. And remember the long leg is long-dated: the diagram assumes a volatility level that will not hold for a year.
Change it
The prompt is the interface. Ask for a different ticker, a different expiration window, or an extra column in the same sentence style and the agent edits the app in place — you do not start over, and you do not wait for anyone to build it.
Limitations
- Snapshot data, not a transaction tape: the build reads the chain as it stands, so it cannot attribute a trade to a buyer or a seller.
- Open interest updates once a day, so an intraday volume/OI comparison is always this session’s volume against yesterday’s open interest.
- Contract coverage is U.S. listed equities, ETFs and indices. Indices use the I: prefix, for example I:SPX.
- Current per-contract valuation is Massive fair market value (FMV), a proprietary estimate. cvforge does not provide option bids, asks, midpoint, quote sizes, NBBO or last trades, and FMV is not an executable quote.
- Payoffs use Massive fair market value estimates. FMV is not an executable price, so premiums, P&L and break-evens are theoretical.
- Curves before expiration depend on an implied-volatility assumption held constant; in practice volatility moves with price.
Related demos
- Holding an IBM December straddle from January
- Six months of P&L on an MU 1000 straddle
- Every December MU strangle and straddle, year to date
Search focus: poor mans covered call screener. Related: nvda diagonal spread finder, long call short call payoff comparison. Originally posted on X.