The first, known as the upper breakeven point, is equal to strike price of the call option plus the net premium paid. (investopedia.com)
The relationship between the strike price of the call option and the stock's current price is called «moneyness». (borntosell.com)
The ideal scenario for a covered call strategy is a slowly rising market, where the equity position gains but never moves past the strike price of the call option. (swanglobalinvestments.com)