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ABBV Covered Call Analysis: Proceed With Caution Weak · 30/100
ABBV · $207.94 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
This strategy is NOT recommended for ABBV right now
Score 30/100. The technical signals do not support selling covered calls on ABBV at this time.
RSI at 34 — oversold, not ideal for selling calls. IV -38% vs avg — premiums below average, less income. MACD bearish — stock may keep falling (risk).
Check back when conditions improve, or consider a different strategy.
Quick Take
ABBV is trading at $207.94 with RSI at 34 (oversold territory). Options IV is at 30% — 38% below its 30-day average of 49%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
34
IV Today
30.2%
IV vs 30d Avg
-38%
MACD
bearish
ADX
22
MFI
37
The Setup
ABBV Covered Call
LONG STOCK
100 shares @ $207.94
SHORT CALL
$225 Jun '26 · $5.67/sh
Net Cost
$20,227
Max Profit
+$2,273
Break-even
$202.27
Projected P&L at Target
+$2,273
(11.2%)
P&L at Expiry
P&L Scenarios
What happens at different ABBV prices by expiry:
| ABBV Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $166 (-20%) | -$3,607 | -$3,595 | -$3,592 | -$3,592 |
| $177 (-15%) | -$2,601 | -$2,566 | -$2,553 | -$2,552 |
| $187 (-10%) | -$1,642 | -$1,566 | -$1,519 | -$1,512 |
| $198 (-5%) | -$765 | -$630 | -$513 | -$473 |
| $204 (-2%) | -$290 | -$119 | +$55 | +$151 |
| $208 (0%) ← now | +$0 | +$195 | +$409 | +$567 |
| $212 (+2%) | +$269 | +$484 | +$734 | +$983 |
| $218 (+5%) | +$630 | +$867 | +$1,161 | +$1,607 |
| $225 (+8%) ← target | +$958 | +$1,208 | +$1,523 | +$2,273 |
| $229 (+10%) | +$1,116 | +$1,368 | +$1,683 | +$2,273 |
| $239 (+15%) | +$1,470 | +$1,707 | +$1,985 | +$2,273 |
| $250 (+20%) | +$1,713 | +$1,917 | +$2,128 | +$2,273 |
Why This Strategy, Why Now
- RSI at 34 — oversold, not ideal for selling calls
- IV -38% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 22 — moderate trend
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if ABBV rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.