SAMG Covered Call Strategy
SAMG (Silvercrest Asset Management Group Inc.), in the Financial Services sector, (Asset Management industry), listed on NASDAQ.
Silvercrest Asset Management Group Inc., a wealth management firm, provides financial advisory and related family office services in the United States. The company serves ultra-high net worth individuals and families, as well as their trusts; endowments; foundations; and other institutional investors. It also manages funds of funds and other investment funds. The company was founded in 2002 and is headquartered in New York, New York.
SAMG (Silvercrest Asset Management Group Inc.) trades in the Financial Services sector, specifically Asset Management, with a market capitalization of approximately $92.1M, a trailing P/E of 34.81, a beta of 0.71 versus the broader market, a 52-week range of 11.8-16.99, average daily share volume of 31K, a public-listing history dating back to 2013, approximately 160 full-time employees. These structural characteristics shape how SAMG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 0.71 places SAMG roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. SAMG pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a covered call on SAMG?
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 SAMG snapshot
As of May 15, 2026, spot at $12.09, ATM IV 66.90%, IV rank 13.64%, expected move 19.18%. The covered call on SAMG 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 SAMG specifically: SAMG IV at 66.90% is on the cheap side of its 1-year range, which means a premium-selling SAMG covered call collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 19.18% (roughly $2.32 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 SAMG expiries trade a higher absolute premium for lower per-day decay. Position sizing on SAMG should anchor to the underlying notional of $12.09 per share and to the trader's directional view on SAMG stock.
SAMG covered call setup
The SAMG 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 SAMG near $12.09, the first option leg uses a $12.69 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SAMG 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 SAMG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $12.09 | long |
| Sell 1 | Call | $12.69 | N/A |
SAMG covered call risk and reward
- Net Premium / Debit
- N/A
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- Unbounded
- Breakeven(s)
- None on modeled curve
- Risk / Reward Ratio
- N/A
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.
SAMG covered call payoff curve
Modeled P&L at expiration across a range of underlying prices for the covered call on SAMG. 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.
When traders use covered call on SAMG
Covered calls on SAMG are an income strategy run on existing SAMG stock positions; traders typically sell calls at 25-35 delta with 30-45 days to expiration to balance premium against upside cap.
SAMG thesis for this covered call
The market-implied 1-standard-deviation range for SAMG extends from approximately $9.77 on the downside to $14.41 on the upside. A SAMG covered call collects premium on an existing long SAMG position, trading off upside above the short call strike for immediate income; the short strike selection should reflect the trader's view on whether SAMG will breach that level within the expiration window. Current SAMG IV rank near 13.64% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on SAMG at 66.90%. As a Financial Services name, SAMG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SAMG-specific events.
SAMG 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. SAMG positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move SAMG alongside the broader basket even when SAMG-specific fundamentals are unchanged. Short-premium structures like a covered call on SAMG carry tail risk when realized volatility exceeds the implied move; review historical SAMG earnings reactions and macro stress periods before sizing. Always rebuild the position from current SAMG chain quotes before placing a trade.
Frequently asked questions
- What is a covered call on SAMG?
- A covered call on SAMG is the covered call strategy applied to SAMG (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 SAMG stock trading near $12.09, the strikes shown on this page are snapped to the nearest listed SAMG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are SAMG 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 SAMG covered call priced from the end-of-day chain at a 30-day expiry (ATM IV 66.90%), the computed maximum profit is unbounded per contract and the computed maximum loss is unbounded per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a SAMG covered call?
- The breakeven for the SAMG covered call priced on this page is no defined breakeven on the modeled curve 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 SAMG market-implied 1-standard-deviation expected move is approximately 19.18%; 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 SAMG?
- Covered calls on SAMG are an income strategy run on existing SAMG 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 SAMG implied volatility affect this covered call?
- SAMG ATM IV is at 66.90% with IV rank near 13.64%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.