How are SEI 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 SEI covered call priced from the end-of-day chain at a 30-day expiry (ATM IV 80.10%), the computed maximum profit is $997.00 per contract and the computed maximum loss is -$7,252.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a SEI covered call?

The breakeven for the SEI covered call priced on this page is roughly $72.53 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 SEI market-implied 1-standard-deviation expected move is approximately 22.96%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current SEI implied volatility affect this covered call?

SEI ATM IV is at 80.10% with IV rank near 29.58%, 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.

SEI Covered Call Strategy

SEI (Solaris Energy Infrastructure, Inc.), in the Energy sector, (Oil & Gas Equipment & Services industry), listed on NYSE.

Solaris Energy Infrastructure, Inc. designs and manufactures specialized equipment for oil and natural gas operators in the United States. The company provides technician support, last mile, and mobilization logistics services. It is also involved in the transloading and storage of proppant or railcars at its transloading facility. In addition, the company develops Railtronix, an inventory management software; and all-electric equipment that automates the low pressure section of oil and gas well completion sites. It serves exploration and production, and oilfield services industries. The company was formerly known as Solaris Oilfield Infrastructure, Inc. and changed its name to Solaris Energy Infrastructure, Inc. in September 2024.

SEI (Solaris Energy Infrastructure, Inc.) trades in the Energy sector, specifically Oil & Gas Equipment & Services, with a market capitalization of approximately $5.54B, a trailing P/E of 87.00, a beta of 1.26 versus the broader market, a 52-week range of 21.22-81.24, average daily share volume of 2.7M, a public-listing history dating back to 2017, approximately 364 full-time employees. These structural characteristics shape how SEI stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 1.26 places SEI roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. The trailing P/E of 87.00 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple. SEI pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a covered call on SEI?

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 SEI snapshot

As of May 15, 2026, spot at $78.63, ATM IV 80.10%, IV rank 29.58%, expected move 22.96%. The covered call on SEI 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 SEI specifically: SEI IV at 80.10% is on the cheap side of its 1-year range, which means a premium-selling SEI covered call collects less credit per unit of strike-width risk, with a market-implied 1-standard-deviation move of approximately 22.96% (roughly $18.06 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 SEI expiries trade a higher absolute premium for lower per-day decay. Position sizing on SEI should anchor to the underlying notional of $78.63 per share and to the trader's directional view on SEI stock.

SEI covered call setup

The SEI 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 SEI near $78.63, the first option leg uses a $82.50 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed SEI 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 SEI shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 100 shares	Stock	$78.63	long
Sell 1	Call	$82.50	$6.10

SEI covered call risk and reward

Net Premium / Debit: -$7,253.00
Max Profit (per contract): $997.00
Max Loss (per contract): -$7,252.00
Breakeven(s): $72.53
Risk / Reward Ratio: 0.137

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.

SEI covered call payoff curve

Modeled P&L at expiration across a range of underlying prices for the covered call on SEI. 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	-100.0%	-$7,252.00
$17.39	-77.9%	-$5,513.56
$34.78	-55.8%	-$3,775.12
$52.16	-33.7%	-$2,036.67
$69.55	-11.6%	-$298.23
$86.93	+10.6%	+$997.00
$104.32	+32.7%	+$997.00
$121.70	+54.8%	+$997.00
$139.09	+76.9%	+$997.00
$156.47	+99.0%	+$997.00

When traders use covered call on SEI

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

SEI thesis for this covered call

The market-implied 1-standard-deviation range for SEI extends from approximately $60.57 on the downside to $96.69 on the upside. A SEI covered call collects premium on an existing long SEI position, trading off upside above the short call strike for immediate income; the short strike selection should reflect the trader's view on whether SEI will breach that level within the expiration window. Current SEI IV rank near 29.58% 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 SEI at 80.10%. As a Energy name, SEI options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to SEI-specific events.

SEI 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. SEI positions also carry Energy sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move SEI alongside the broader basket even when SEI-specific fundamentals are unchanged. Short-premium structures like a covered call on SEI carry tail risk when realized volatility exceeds the implied move; review historical SEI earnings reactions and macro stress periods before sizing. Always rebuild the position from current SEI chain quotes before placing a trade.

Frequently asked questions

What is a covered call on SEI?: A covered call on SEI is the covered call strategy applied to SEI (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 SEI stock trading near $78.63, the strikes shown on this page are snapped to the nearest listed SEI chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are SEI 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 SEI covered call priced from the end-of-day chain at a 30-day expiry (ATM IV 80.10%), the computed maximum profit is $997.00 per contract and the computed maximum loss is -$7,252.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a SEI covered call?: The breakeven for the SEI covered call priced on this page is roughly $72.53 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 SEI market-implied 1-standard-deviation expected move is approximately 22.96%; 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 SEI?: Covered calls on SEI are an income strategy run on existing SEI 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 SEI implied volatility affect this covered call?: SEI ATM IV is at 80.10% with IV rank near 29.58%, 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.