What are small-cap high-IV covered calls?

Covered calls on small-cap stocks (market cap <$2B) with implied volatility above 50%. The high IV generates exceptional premiums — often 5–15% monthly — but comes with elevated gap risk.

How much premium can I make from small-cap high-IV covered calls?

Today's scanner found 0 candidates with an average annualized return of —%. Individual candidates can exceed 100% annualized, though position sizing must reflect the higher risk.

What delta is recommended for small-cap high-IV covered calls?

Delta 0.15–0.25 is recommended. The high IV means even very far OTM strikes generate meaningful premium. Keep delta low to buffer against the larger price swings typical in small caps.

What is the biggest risk in small-cap high-IV covered calls?

Gap risk. Small-cap stocks can move 20–40% on news or thin trading. Never allocate more than 2–3% of a portfolio to any single small-cap position.

How is this different from /screener/high-iv-rank?

This page filters specifically for small-cap stocks (market cap <$2B) with absolute IV ≥ 50%. The high-iv-rank screener uses IV percentile across all cap sizes.

⚠ Aggressive Strategy — High Risk / High Reward

Small-Cap High-IV Covered Calls — May 2026

Market cap <$2B · IV ≥ 50% · Maximum premium yield · Updated daily after market close

Quick Answer: Scanner updates daily after 7:30 PM ET.

Candidates today

Avg ann. return

—

Avg IV

—

Min IV threshold

≥ 50%

Live Scanner — Small-Cap High IV

No candidates found. Scanner updates daily after 7:30 PM ET.

Risk Disclosure

Small-cap high-IV covered calls are an aggressive income strategy. The elevated implied volatility reflects real uncertainty — these stocks can gap 20–40% on catalysts or thin trading. Never allocate more than 2–3% of a portfolio to any single position. Always verify there are no earnings announcements within the option's DTE window before entering. See our methodology for scoring details.

All Small-Cap Covered Calls High IV Rank Screener Large-Cap Weekly Best Today

Small-Cap High-IV Covered Calls — May 2026

Live Scanner — Small-Cap High IV

Risk Disclosure

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