QUIK Covered Call Strategy
QUIK (QuickLogic Corporation), in the Technology sector, (Semiconductors industry), listed on NASDAQ.
QuickLogic Corporation, a semiconductor company, develops semiconductor platforms and intellectual property solutions for smartphones, wearable, hearable, tablets, and the Internet-of-Things devices. It also provides flexible sensor processing solutions, ultra-low power display bridges, ultra-low power field programmable gate arrays (FPGAs); and analytics toolkit, an end-to-end software suite that offers processes for developing pattern matching sensor algorithms using machine learning technology, as well as programming hardware and design software solutions. The company's products include pASIC 3, QuickRAM, QuickPCI, EOS, QuickAI, SensiML Analytics Studio, ArcticLink III, PolarPro 3, PolarPro II, PolarPro, and Eclipse II, as well as silicon platforms, IP cores, software drivers, firmware, and application software. It delivers its solutions through ultra-low power customer programmable System on Chip (SoC) semiconductor solutions, embedded software, and algorithm solutions for always-on voice and sensor processing, and enhanced visual experiences. In addition, the company licenses FPGA technology for use in other semiconductor companies SoCs. It markets and sells its products to original equipment manufacturers and original design manufacturers through a network of sales managers and distributors in North America, Europe, and the Asia Pacific.
QUIK (QuickLogic Corporation) trades in the Technology sector, specifically Semiconductors, with a market capitalization of approximately $386.8M, a beta of 1.11 versus the broader market, a 52-week range of 4.8-22.1, average daily share volume of 373K, a public-listing history dating back to 1999, approximately 59 full-time employees. These structural characteristics shape how QUIK stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.11 places QUIK roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline.
What is a covered call on QUIK?
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.
Current QUIK snapshot
As of May 15, 2026, spot at $19.21, ATM IV 102.10%, IV rank 32.36%, expected move 29.27%. The covered call on QUIK below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 34-day expiry.
Why this covered call structure on QUIK specifically: QUIK IV at 102.10% is mid-range versus its 1-year history, so the credit collected on a QUIK covered call sits in line with its long-run distribution, with a market-implied 1-standard-deviation move of approximately 29.27% (roughly $5.62 on the underlying). The 34-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated QUIK expiries trade a higher absolute premium for lower per-day decay. Position sizing on QUIK should anchor to the underlying notional of $19.21 per share and to the trader's directional view on QUIK stock.
QUIK covered call setup
The QUIK covered call below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With QUIK near $19.21, the first option leg uses a $20.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed QUIK chain at a 34-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 QUIK shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $19.21 | long |
| Sell 1 | Call | $20.00 | $2.08 |
QUIK covered call risk and reward
- Net Premium / Debit
- -$1,713.50
- Max Profit (per contract)
- $286.50
- Max Loss (per contract)
- -$1,712.50
- Breakeven(s)
- $17.14
- Risk / Reward Ratio
- 0.167
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.
QUIK covered call payoff curve
Modeled P&L at expiration across a range of underlying prices for the covered call on QUIK. 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.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -99.9% | -$1,712.50 |
| $4.26 | -77.8% | -$1,287.87 |
| $8.50 | -55.7% | -$863.23 |
| $12.75 | -33.6% | -$438.60 |
| $17.00 | -11.5% | -$13.97 |
| $21.24 | +10.6% | +$286.50 |
| $25.49 | +32.7% | +$286.50 |
| $29.73 | +54.8% | +$286.50 |
| $33.98 | +76.9% | +$286.50 |
| $38.23 | +99.0% | +$286.50 |
When traders use covered call on QUIK
Covered calls on QUIK are an income strategy run on existing QUIK stock positions; traders typically sell calls at 25-35 delta with 30-45 days to expiration to balance premium against upside cap.
QUIK thesis for this covered call
The market-implied 1-standard-deviation range for QUIK extends from approximately $13.59 on the downside to $24.83 on the upside. A QUIK covered call collects premium on an existing long QUIK position, trading off upside above the short call strike for immediate income; the short strike selection should reflect the trader's view on whether QUIK will breach that level within the expiration window. Current QUIK IV rank near 32.36% is mid-range against its 1-year distribution, so the IV signal is neutral; the covered call thesis on QUIK should anchor more to the directional view and the expected-move geometry. As a Technology name, QUIK options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to QUIK-specific events.
QUIK 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. QUIK positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move QUIK alongside the broader basket even when QUIK-specific fundamentals are unchanged. Short-premium structures like a covered call on QUIK carry tail risk when realized volatility exceeds the implied move; review historical QUIK earnings reactions and macro stress periods before sizing. Always rebuild the position from current QUIK chain quotes before placing a trade.
Frequently asked questions
- What is a covered call on QUIK?
- A covered call on QUIK is the covered call strategy applied to QUIK (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 QUIK stock trading near $19.21, the strikes shown on this page are snapped to the nearest listed QUIK chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are QUIK 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 QUIK covered call priced from the end-of-day chain at a 30-day expiry (ATM IV 102.10%), the computed maximum profit is $286.50 per contract and the computed maximum loss is -$1,712.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a QUIK covered call?
- The breakeven for the QUIK covered call priced on this page is roughly $17.14 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current QUIK market-implied 1-standard-deviation expected move is approximately 29.27%; 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 QUIK?
- Covered calls on QUIK are an income strategy run on existing QUIK 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 QUIK implied volatility affect this covered call?
- QUIK ATM IV is at 102.10% with IV rank near 32.36%, 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.