CSQ

Calamos Strategic Total Return Fund

$20.53 -0.17 (-0.82%) At close · Jul 7

Market Cap

$3.29B

160,369,635

Options Calculator

Theoretical estimate

Estimate what a long-dated option on CSQ could return if you hold it and the stock reaches a target price. Premiums are theoretical Black-Scholes-Merton values — tune the inputs to match your broker, then compare each strike's return against simply holding the shares.

Holding period

2.00 years

Implied volatility (%)

1-year realized volatility. Implied vol usually differs — adjust to your broker's number.Market-wide VIX 16.1.

Risk-free rate (%)

Latest SOFR (2026-07-06) — an overnight rate, a rough proxy over years.

Dividend per share $

Annualizes to a 7.19% yield. Most recent $0.12 ex-date 2026-06-12; frequency detected — adjust if it's wrong.

Recent payouts

2026-06-12 $0.12
2026-05-14 $0.12
2026-04-14 $0.12
2026-03-13 $0.12
2026-02-13 $0.12
2025-12-30 $0.12
2025-12-12 $0.10
2025-11-14 $0.10
2025-10-15 $0.10
2025-09-15 $0.10
2025-08-14 $0.10
2025-07-14 $0.10

Target price at horizon

Spot $20.53 on 2026-07-07.

Best strike

—

Highest estimated return

Return at target

—

— annualized

Breakeven

—

Stock price to break even

Hold the stock

—

— annualized, with dividends

Return by strike at your target price

Strike ladder

Strike	Moneyness	Premium	Breakeven	Value at target	Return	Annualized	Max loss

Per share; one contract = 100 shares. Premiums are theoretical Black-Scholes-Merton estimates — real options are American-style and priced off an implied-volatility smile, so use your broker's quote for the actual premium. Not investment advice.

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Key facts CIK 1275214 CUSIP 128125101 13F (30d) 6 filings 6 filers