Technology
SQ
Block Inc.
High income potential from Block/Square (SQ) with covered calls and cash secured puts. Volatile fintech with Bitcoin exposure.
Monthly Premium3.5-5.5%
Annualized Return42-66%
Stock Price$70-95
IV RankHigh (60-80)
Options LiquidityVery Good
Dividend Yield0%
Why SQ for Covered Calls & Cash Secured Puts?
SQ offers some of the highest premium in fintech due to volatility and Bitcoin correlation. Cash App growth and merchant services provide diverse revenue.
Example Covered Call Trade
SQCovered Call
Strike Price$95 (12% OTM)
Expiration30 days
Premium$4.00 per share
Return If Flat4.7% ($400)
Return If Called16.7% ($1,420)
Keep Probability65% keep shares
Recommended Strategy for SQ
For aggressive premium seekers. Sell calls 10-15% OTM. Consider weekly options for active management.
Risks to Consider
- Bitcoin exposure creates extra volatility
- Fintech competition
- Economic sensitivity
- No profitability consistency
Analyze SQ Covered Calls Now
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