MCN

Madison Covered Call & Equity Strategy Fund Options

Search MCN call options and put options with real-time pricing, Greeks, and implied volatility data.

Search MCN Options Now
$6.03 Market Closed
+$0.01 (+0.17%)
Prev Close
$6.02
Open
$6.01
Day Range
$6.01 - $6.04
Volume
25,762
Last updated: Jan 27, 2026 07:00 PM EST

About MCN Options

Madison Covered Call & Equity Strategy Fund (MCN) options give traders the right to buy or sell MCN stock at a predetermined price before a specific expiration date. Options are powerful financial instruments used for speculation, hedging, and income generation.

Call Options

MCN call options give you the right to buy shares at the strike price. Profit when Madison Covered Call & Equity Strategy Fund stock rises.

Put Options

MCN put options give you the right to sell shares at the strike price. Profit when Madison Covered Call & Equity Strategy Fund stock falls.

What Data You'll Find

Our free MCN options search tool provides:

  • Strike Prices — Various price levels for calls and puts
  • Expiration Dates — Filter by 7, 30, 60, or 90 days out
  • Premium (Price) — Current option contract prices
  • Volume & Open Interest — Liquidity and market activity
  • Implied Volatility (IV) — Market's expected price movement
  • Greeks — Delta, Gamma, Theta, Vega sensitivity measures
  • Intrinsic & Extrinsic Value — Value breakdown
Pro Tip: Look for MCN options with high volume and open interest for better liquidity and tighter bid-ask spreads.

Understanding MCN Options Greeks

When trading Madison Covered Call & Equity Strategy Fund options, the Greeks help you understand how the option price will change:

Delta (Δ)

How much the MCN option price moves when the stock moves $1. A delta of 0.50 means the option gains $0.50 for every $1 stock increase.

Theta (Θ)

Daily time decay of the option. MCN options lose value each day as expiration approaches, even if the stock price stays flat.

Gamma (Γ)

Rate of Delta change. Higher gamma means Delta moves faster, making near-ATM MCN options more responsive to price changes.

Vega (ν)

Volatility sensitivity. When Madison Covered Call & Equity Strategy Fund's implied volatility rises, high-vega options become more valuable.

Learn more:

MCN Options FAQ

To buy MCN (Madison Covered Call & Equity Strategy Fund) options, you need a brokerage account with options trading enabled (like TD Ameritrade, E*TRADE, or Robinhood). Search for MCN options, select your desired strike price and expiration, choose call or put, and place your order. Always understand the risks and consider starting with paper trading.

The optimal expiration depends on your strategy. 30-45 day expirations offer a good balance of time value and theta decay for most traders. Shorter expirations (7-14 days) have higher gamma but faster time decay. Longer expirations (60-90+ days) cost more but give the trade more time to work.

Use our options search tool to see current MCN implied volatility levels. Compare the IV to historical averages to determine if options are relatively expensive (high IV) or cheap (low IV). High IV often occurs before earnings or major events.

ITM (In The Money) MCN options have intrinsic value — calls where strike < stock price, puts where strike > stock price. They're more expensive but have higher delta. OTM (Out of The Money) options are cheaper but have lower probability of profit. ATM (At The Money) options have strike ≈ stock price and highest gamma.