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ADSK Covered Call Analysis: Proceed With Caution Weak · 30/100
ADSK · $218.45 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
This strategy is NOT recommended for ADSK right now
Score 30/100. The technical signals do not support selling covered calls on ADSK at this time.
RSI at 35 — oversold, not ideal for selling calls. IV -47% 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
ADSK is trading at $218.45 with RSI at 35 (oversold territory). Options IV is at 40% — 47% below its 30-day average of 76%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
35
IV Today
40.1%
IV vs 30d Avg
-47%
MACD
bearish
ADX
23
MFI
43
The Setup
ADSK Covered Call
LONG STOCK
100 shares @ $218.45
SHORT CALL
$235 Jun '26 · $10.03/sh
Net Cost
$20,842
Max Profit
+$2,658
Break-even
$208.42
Projected P&L at Target
+$2,658
(12.8%)
P&L at Expiry
P&L Scenarios
What happens at different ADSK prices by expiry:
| ADSK Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $175 (-20%) | -$3,453 | -$3,395 | -$3,368 | -$3,366 |
| $186 (-15%) | -$2,463 | -$2,355 | -$2,285 | -$2,274 |
| $197 (-10%) | -$1,544 | -$1,374 | -$1,229 | -$1,182 |
| $208 (-5%) | -$718 | -$482 | -$236 | -$89 |
| $214 (-2%) | -$274 | -$3 | +$305 | +$566 |
| $218 (0%) ← now | +$0 | +$291 | +$636 | +$1,003 |
| $223 (+2%) | +$255 | +$563 | +$940 | +$1,440 |
| $229 (+5%) | +$603 | +$929 | +$1,341 | +$2,095 |
| $235 (+8%) ← target | +$869 | +$1,204 | +$1,630 | +$2,658 |
| $240 (+10%) | +$1,092 | +$1,429 | +$1,856 | +$2,658 |
| $251 (+15%) | +$1,476 | +$1,801 | +$2,194 | +$2,658 |
| $262 (+20%) | +$1,768 | +$2,065 | +$2,394 | +$2,658 |
Why This Strategy, Why Now
- RSI at 35 — oversold, not ideal for selling calls
- IV -47% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 23 — moderate trend
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if ADSK rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.