BJ Covered Call Strategy

Market Data

BJ Key Data

Symbol

Name

BJ's Wholesale Club Holdings, Inc.

Type

Stock

Sector

Equity

Industry

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Exchange

—

Live Price

Market Cap

—

52-Week High

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52-Week Low

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Strategy

Covered Calls

Access

Free Trial

About

About BJ

BJ's Wholesale Club Holdings, Inc. is a publicly traded stock commonly used in covered call strategies to generate consistent income from existing positions.

Strategy

Covered calls on BJ allow shareholders to collect premium income while holding the stock. The most common approach is selling out-of-the-money calls 30-45 days to expiration (DTE) to balance premium income with potential upside. If you own 100 shares of BJ, you can sell 1 call contract per 100 shares to generate consistent monthly income.

Covered calls on BJ cap your upside at the strike price but provide downside cushion equal to the premium received.

How It Works

How to Run a Covered Call on BJ

Own 100 Shares

You must own at least 100 shares of BJ to sell 1 covered call contract. Each options contract covers exactly 100 shares.

Choose Strike and Expiry

Select a call strike above the current BJ price (OTM) and an expiry date. 30–45 DTE monthly cycles are most popular for income generation.

Sell the Call

Sell 1 call contract to collect the premium immediately into your account. This income is yours regardless of what BJ does next.

Manage at Expiry

If BJ stays below your strike, the option expires worthless and you keep the premium. If it rises above, shares get called away at the strike.

FAQ

Frequently Asked Questions

Can I sell covered calls on BJ?

Yes, BJ has listed options. You need to own 100 shares per contract. Use our screener to find the best strikes and expiries based on your goals.

What strike should I choose for BJ covered calls?

Most income traders choose strikes 2–10% above the current BJ price (OTM), balancing premium income with allowing some upside. The ideal strike depends on your income vs. upside tradeoff.

What is the best expiry for BJ covered calls?

Monthly options (30–45 DTE) have the best time-decay characteristics for covered call sellers. Weekly options on BJ offer more flexibility but require more active management.

How much premium can I collect on BJ covered calls?

Premium depends on BJ's implied volatility (IV), your chosen strike distance, and days to expiry. Higher IV means more premium. Use CoveredCalls.live to see real-time premiums and annualized returns for BJ.

What happens if BJ rises above my strike?

Your shares get called away at the strike price. You keep the premium collected plus any gain from your cost basis to the strike. You can then buy shares back and repeat the strategy.

Screen the Best BJ Covered Calls Right Now

Our screener scans BJ options every few minutes and ranks setups by annualized return, downside protection, and bid-ask spread quality.

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