How are CHRW covered call max profit and max loss calculated?

Max profit equals short-strike minus cost basis plus premium times 100; max loss is cost basis minus premium (at zero). Breakeven is cost basis minus premium. For the CHRW covered call priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 35.30%), the computed maximum profit is $937.00 per contract and the computed maximum loss is -$13,062.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a CHRW covered call?

The breakeven for the CHRW covered call priced on this page is roughly $130.63 at expiration, derived from the November 13, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The CHRW market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.12%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current CHRW implied volatility affect this covered call?

CHRW ATM IV is at 35.30% with IV rank near 37.39%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.

CHRW Covered Call Strategy

CHRW (C.H. Robinson Worldwide, Inc.), in the Industrials sector, (Integrated Freight & Logistics industry), listed on NASDAQ.

C.H. Robinson Worldwide, Inc. serves as a global provider of diverse freight transportation and logistics solutions, assisting companies across numerous industries. The organization's business operations are segmented into two key areas: North American Surface Transportation and Global Forwarding. Its comprehensive range of services spans various shipping modalities. This includes brokerage for both full truckload (FTL) and less-than-truckload (LTL) freight, managing everything from single-pallet shipments to full container loads. C.H.

CHRW (C.H. Robinson Worldwide, Inc.) trades in the Industrials sector, specifically Integrated Freight & Logistics, with a market capitalization of approximately $15.59B, a trailing P/E of 23.62, a beta of 0.95 versus the broader market, a 52-week range of 122.21-210.33, average daily share volume of 1.9M, a public-listing history dating back to 1997, approximately 11K full-time employees. These structural characteristics shape how CHRW stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.95 places CHRW roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. CHRW pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a covered call on CHRW?

A covered call pairs long stock with a short out-of-the-money call, collecting premium and capping upside above the short strike in exchange for income.

CHRW snapshot

As of November 13, 2026, spot at $134.03, ATM IV 35.30%, IV rank 37.39%, expected move 10.12%. The covered call on CHRW below is built from the November 13, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this covered call structure on CHRW specifically: CHRW IV at 35.30% is mid-range versus its 1-year history, so the credit collected on a CHRW covered call sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 10.12% (roughly $13.56 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated CHRW expiries trade a higher absolute premium for lower per-day decay. Position sizing on CHRW should anchor to the underlying notional of $134.03 per share and to the trader's directional view on CHRW stock.

CHRW covered call setup

The CHRW covered call below is built from the November 13, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With CHRW at $134.03 on that close, the first option leg uses a $140.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed CHRW chain at a 35-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 CHRW shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$134.03	long
Sell 1	Call	$140.00	$3.40

CHRW covered call risk and reward

Net Premium / Debit: -$13,063.00
Max Profit (per contract): $937.00
Max Loss (per contract): -$13,062.00
Breakeven(s): $130.63
Risk / Reward Ratio: 0.072

Max profit equals short-strike minus cost basis plus premium times 100; max loss is cost basis minus premium (at zero). Breakeven is cost basis minus premium.

CHRW covered call payoff curve

Modeled P&L at expiration across a range of underlying prices for the covered call on CHRW. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	-$13,062.00
$29.64	-77.9%	-$10,098.63
$59.28	-55.8%	-$7,135.27
$88.91	-33.7%	-$4,171.90
$118.54	-11.6%	-$1,208.53
$148.18	+10.6%	+$937.00
$177.81	+32.7%	+$937.00
$207.45	+54.8%	+$937.00
$237.08	+76.9%	+$937.00
$266.71	+99.0%	+$937.00

When traders use covered call on CHRW

Covered calls on CHRW are an income strategy run on existing CHRW stock positions; traders typically sell calls at 25-35 delta with 30-45 days to expiration to balance premium against upside cap.

CHRW thesis for this covered call

The market-implied 1-standard-deviation range for CHRW extends from approximately $120.47 on the downside to $147.59 on the upside. A CHRW covered call collects premium on an existing long CHRW position, trading off upside above the short call strike for immediate income; the short strike selection should reflect the trader's view on whether CHRW will breach that level within the expiration window. Current CHRW IV rank near 37.39% is mid-range against its 1-year distribution, so the IV signal is neutral; the covered call thesis on CHRW should anchor more to the directional view and the expected-move geometry. As a Industrials name, CHRW options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to CHRW-specific events.

CHRW covered call positions are structurally neutral to slightly bullish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. CHRW positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move CHRW alongside the broader basket even when CHRW-specific fundamentals are unchanged. Short-premium structures like a covered call on CHRW carry tail risk when realized volatility exceeds the implied move; review historical CHRW earnings reactions and macro stress periods before sizing. Always rebuild the position from current CHRW chain quotes before placing a trade.

Frequently asked questions

What is a covered call on CHRW?: A covered call on CHRW is the covered call strategy applied to CHRW (stock). The strategy is structurally neutral to slightly bullish: A covered call pairs long stock with a short out-of-the-money call, collecting premium and capping upside above the short strike in exchange for income. With CHRW stock at $134.03 on the November 13, 2026 close, the strikes shown on this page are snapped to the nearest listed CHRW chain strike and the premiums come straight from that session's bid/ask midpoint.
How are CHRW covered call max profit and max loss calculated?: Max profit equals short-strike minus cost basis plus premium times 100; max loss is cost basis minus premium (at zero). Breakeven is cost basis minus premium. For the CHRW covered call priced from the November 13, 2026 end-of-day chain at a 30-day expiry (ATM IV 35.30%), the computed maximum profit is $937.00 per contract and the computed maximum loss is -$13,062.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a CHRW covered call?: The breakeven for the CHRW covered call priced on this page is roughly $130.63 at expiration, derived from the November 13, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The CHRW market-implied 1-standard-deviation expected move in the same options snapshot is approximately 10.12%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a covered call on CHRW?: Covered calls on CHRW are an income strategy run on existing CHRW stock positions; traders typically sell calls at 25-35 delta with 30-45 days to expiration to balance premium against upside cap.
How does current CHRW implied volatility affect this covered call?: CHRW ATM IV is at 35.30% with IV rank near 37.39%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.