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BLKB Covered Call Analysis: Proceed With Caution Weak · 35/100
BLKB · $34.27 ·
Analysis generated Nov 26, 2025 ·
Data as of market close Nov 26
· Market closed — data may be from last trading day
This strategy is NOT recommended for BLKB right now
Score 35/100. The technical signals do not support selling covered calls on BLKB at this time.
RSI at 40 — oversold, not ideal for selling calls. IV -38% 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
BLKB is trading at $34.27 with RSI at 40 (oversold territory). Options IV is at 34% — 38% below its 30-day average of 55%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
40
IV Today
33.8%
IV vs 30d Avg
-38%
MACD
bearish
ADX
19
MFI
50
The Setup
BLKB Covered Call
LONG STOCK
100 shares @ $34.27
SHORT CALL
$37 Jun '26 · $5.11/sh
Net Cost
$2,916
Max Profit
+$784
Break-even
$29.16
Projected P&L at Target
+$784
(26.9%)
P&L at Expiry
P&L Scenarios
What happens at different BLKB prices by expiry:
| BLKB Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $27 (-20%) | -$389 | -$311 | -$227 | -$174 |
| $29 (-15%) | -$279 | -$190 | -$88 | -$3 |
| $31 (-10%) | -$178 | -$79 | +$40 | +$168 |
| $33 (-5%) | -$85 | +$22 | +$156 | +$340 |
| $34 (-2%) | -$34 | +$77 | +$218 | +$442 |
| $34 (0%) ← now | -$0 | +$113 | +$258 | +$511 |
| $35 (+2%) | +$32 | +$147 | +$296 | +$580 |
| $36 (+5%) | +$77 | +$195 | +$348 | +$682 |
| $37 (+8%) ← target | +$119 | +$239 | +$395 | +$784 |
| $38 (+10%) | +$147 | +$268 | +$425 | +$784 |
| $39 (+15%) | +$210 | +$333 | +$491 | +$784 |
| $41 (+20%) | +$267 | +$390 | +$545 | +$784 |
Why This Strategy, Why Now
- RSI at 40 — oversold, not ideal for selling calls
- IV -38% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 19 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if BLKB rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.