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BILL Covered Call Analysis: Proceed With Caution Weak · 30/100
BILL · $34.71 ·
Analysis generated Apr 10, 2026 ·
Data as of market close Apr 10
· Market closed — data may be from last trading day
This strategy is NOT recommended for BILL right now
Score 30/100. The technical signals do not support selling covered calls on BILL at this time.
RSI at 30 — oversold, not ideal for selling calls. IV -65% 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
BILL is trading at $34.71 with RSI at 30 (oversold territory). Options IV is at 48% — 65% below its 30-day average of 135%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
30
IV Today
47.5%
IV vs 30d Avg
-65%
MACD
bearish
ADX
20
MFI
39
The Setup
BILL Covered Call
LONG STOCK
100 shares @ $34.71
SHORT CALL
$37 Jun '26 · $3.58/sh
Net Cost
$3,113
Max Profit
+$587
Break-even
$31.13
Projected P&L at Target
+$587
(18.9%)
P&L at Expiry
P&L Scenarios
What happens at different BILL prices by expiry:
| BILL Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $28 (-20%) | -$442 | -$395 | -$352 | -$336 |
| $30 (-15%) | -$315 | -$257 | -$197 | -$163 |
| $31 (-10%) | -$198 | -$131 | -$53 | +$11 |
| $33 (-5%) | -$94 | -$18 | +$75 | +$184 |
| $34 (-2%) | -$36 | +$44 | +$145 | +$289 |
| $35 (0%) ← now | -$0 | +$83 | +$188 | +$358 |
| $35 (+2%) | +$34 | +$119 | +$227 | +$427 |
| $36 (+5%) | +$82 | +$169 | +$282 | +$532 |
| $37 (+7%) ← target | +$106 | +$194 | +$308 | +$587 |
| $38 (+10%) | +$154 | +$243 | +$358 | +$587 |
| $40 (+15%) | +$217 | +$306 | +$418 | +$587 |
| $42 (+20%) | +$271 | +$358 | +$464 | +$587 |
Why This Strategy, Why Now
- RSI at 30 — oversold, not ideal for selling calls
- IV -65% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 20 — moderate trend
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if BILL rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.