Support & Help Center
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Frequently Asked Questions
What is CoveredProfit?
CoveredProfit is a covered call option scorecard and profitability analyzer. It allows options traders to calculate potential yields (APR/APY), downside buffers, and receive trade scores based on custom risk tolerance parameters.
How does the live market data auto-fill work?
CoveredProfit integrates secure, anonymous query proxies to fetch real-time stock prices and relevant option chains. This allows you to select tickers and expirations, automatically populating calculation parameters to analyze yields with zero manual typing. We do not require any broker logins or API keys.
How does Cost Basis Protection work?
When entering a trade, you can input your original stock purchase price. If the chosen option strike is below your purchase price, the app flags this as a capital loss risk and recalculates the scorecard dynamically to warn you.
How do I cancel my Premium subscription?
Subscriptions are managed directly through Apple. You can view, cancel, or modify your subscription in your iOS device settings by tapping your Name → Subscriptions.
⚠️ Disclaimer & Risk Warning
CoveredProfit is an informational tool designed to suggest and recommend covered call configurations based on basic mathematical formulas. The suggestions, ratings, and scorecard values generated by this app are for reference purposes only and do not constitute financial advice, trade recommendations, or endorsement of any asset. Options trading involves substantial risk. Users must understand these options dynamics and perform their own independent research, analysis, and due diligence before making any final trading decisions.