MTL Covered Call - $5.80, Write Jan 9 $7.50 Just put together a great covered call calculator. First numbers are if stock price static, second if called. % Return on initial investment: 18.07% 50.60% Annualized return: 178.28% 499.19% DownsideProtection Breakeven Point: $4.98 Downside Protection: 15.31%