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Why ANET Is an Excellent Covered Call Candidate Right Now Strong · 78/100
ANET · $147.35 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
Quick Take
ANET is trading at $147.35 with RSI at 59 (neutral territory). Options IV is at 52% — 29% below its 30-day average of 73%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
59
IV Today
51.7%
IV vs 30d Avg
-29%
MACD
bullish
ADX
19
MFI
50
The Setup
ANET Covered Call
LONG STOCK
100 shares @ $147.35
SHORT CALL
$160 Jun '26 · $10.05/sh
Net Cost
$13,730
Max Profit
+$2,270
Break-even
$137.30
Projected P&L at Target
+$2,270
(16.5%)
P&L at Expiry
P&L Scenarios
What happens at different ANET prices by expiry:
| ANET Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $118 (-20%) | -$2,098 | -$2,009 | -$1,951 | -$1,942 |
| $125 (-15%) | -$1,476 | -$1,344 | -$1,236 | -$1,205 |
| $133 (-10%) | -$902 | -$725 | -$551 | -$468 |
| $140 (-5%) | -$386 | -$165 | +$80 | +$268 |
| $144 (-2%) | -$104 | +$138 | +$424 | +$710 |
| $147 (0%) ← now | +$71 | +$327 | +$637 | +$1,005 |
| $150 (+2%) | +$237 | +$503 | +$834 | +$1,300 |
| $155 (+5%) | +$467 | +$746 | +$1,100 | +$1,742 |
| $160 (+9%) ← target | +$714 | +$1,002 | +$1,371 | +$2,270 |
| $162 (+10%) | +$804 | +$1,094 | +$1,464 | +$2,270 |
| $169 (+15%) | +$1,084 | +$1,372 | +$1,733 | +$2,270 |
| $177 (+20%) | +$1,315 | +$1,591 | +$1,921 | +$2,270 |
Why This Strategy, Why Now
- RSI at 59 — neutral-bullish
- IV -29% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 19 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
ANET has bullish momentum (MACD). If a positive catalyst emerges (earnings beat, product launch), the stock could gap past your strike. Consider rolling the call up if ANET approaches the strike before expiry.