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ASX Covered Call Analysis: Proceed With Caution Weak · 53/100
ASX · $24.84 ·
Analysis generated Nov 26, 2025 ·
Data as of market close Nov 26
· Market closed — data may be from last trading day
Quick Take
ASX is trading at $24.84 with RSI at 55 (neutral territory). Options IV is at 43% — 48% below its 30-day average of 82%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
55
IV Today
42.9%
IV vs 30d Avg
-48%
MACD
bearish
ADX
23
MFI
36
The Setup
ASX Covered Call
LONG STOCK
100 shares @ $24.84
SHORT CALL
$27 Jun '26 · $0.57/sh
Net Cost
$2,427
Max Profit
+$273
Break-even
$24.27
Projected P&L at Target
+$273
(11.3%)
P&L at Expiry
P&L Scenarios
What happens at different ASX prices by expiry:
| ASX Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $20 (-20%) | -$441 | -$440 | -$440 | -$440 |
| $21 (-15%) | -$320 | -$317 | -$316 | -$316 |
| $22 (-10%) | -$202 | -$195 | -$191 | -$191 |
| $24 (-5%) | -$95 | -$81 | -$70 | -$67 |
| $24 (-2%) | -$37 | -$18 | -$1 | +$7 |
| $25 (0%) ← now | -$0 | +$21 | +$43 | +$57 |
| $25 (+2%) | +$33 | +$57 | +$84 | +$107 |
| $26 (+5%) | +$78 | +$104 | +$137 | +$181 |
| $27 (+9%) ← target | +$124 | +$152 | +$188 | +$273 |
| $27 (+10%) | +$138 | +$166 | +$202 | +$273 |
| $29 (+15%) | +$181 | +$208 | +$240 | +$273 |
| $30 (+20%) | +$210 | +$233 | +$257 | +$273 |
Why This Strategy, Why Now
- RSI at 55 — neutral-bullish
- IV -48% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 23 — moderate trend
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if ASX rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.