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Why ASML Is an Excellent Covered Call Candidate Right Now Strong · 80/100
ASML Holding NV ADR (Technology) · $1478.28 ·
Analysis generated Apr 10, 2026 ·
Data as of market close Apr 10
· Market closed — data may be from last trading day
Quick Take
ASML is trading at $1478.28 with RSI at 62 (neutral territory). Options IV is at 45% — 36% below its 30-day average of 72%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
62
IV Today
45.4%
IV vs 30d Avg
-37%
MACD
bullish
ADX
21
MFI
59
The Setup
ASML Covered Call
LONG STOCK
100 shares @ $1478.28
SHORT CALL
$1600 Jun '26 · $81.5/sh
Net Cost
$139,678
Max Profit
+$20,322
Break-even
$1396.78
Projected P&L at Target
+$20,322
(14.5%)
P&L at Expiry
P&L Scenarios
What happens at different ASML prices by expiry:
| ASML Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $1183 (-20%) | -$22,365 | -$21,772 | -$21,450 | -$21,416 |
| $1257 (-15%) | -$15,854 | -$14,881 | -$14,172 | -$14,024 |
| $1330 (-10%) | -$9,837 | -$8,422 | -$7,130 | -$6,633 |
| $1404 (-5%) | -$4,417 | -$2,562 | -$566 | +$759 |
| $1449 (-2%) | -$1,483 | +$605 | +$3,017 | +$5,193 |
| $1478 (0%) ← now | +$336 | +$2,558 | +$5,219 | +$8,150 |
| $1508 (+2%) | +$2,043 | +$4,379 | +$7,256 | +$11,107 |
| $1552 (+5%) | +$4,394 | +$6,860 | +$9,976 | +$15,541 |
| $1600 (+8%) ← target | +$6,653 | +$9,198 | +$12,447 | +$20,322 |
| $1626 (+10%) | +$7,769 | +$10,333 | +$13,595 | +$20,322 |
| $1700 (+15%) | +$10,508 | +$13,029 | +$16,135 | +$20,322 |
| $1774 (+20%) | +$12,680 | +$15,046 | +$17,781 | +$20,322 |
Why This Strategy, Why Now
- RSI at 62 — extended, ideal for selling calls
- IV -36% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 21 — moderate trend
- No squeeze — no imminent breakout
Key Risks
ASML 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 ASML approaches the strike before expiry.