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BOX Covered Call Analysis: Proceed With Caution Weak · 35/100
BOX · $21.37 ·
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 BOX right now
Score 35/100. The technical signals do not support selling covered calls on BOX at this time.
RSI at 32 — oversold, not ideal for selling calls. IV -67% 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
BOX is trading at $21.37 with RSI at 32 (oversold territory). Options IV is at 25% — 67% below its 30-day average of 74%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
32
IV Today
24.6%
IV vs 30d Avg
-67%
MACD
bearish
ADX
19
MFI
46
The Setup
BOX Covered Call
LONG STOCK
100 shares @ $21.37
SHORT CALL
$23 Jun '26 · $3.49/sh
Net Cost
$1,788
Max Profit
+$512
Break-even
$17.88
Projected P&L at Target
+$512
(28.6%)
P&L at Expiry
P&L Scenarios
What happens at different BOX prices by expiry:
| BOX Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $17 (-20%) | -$87 | -$81 | -$78 | -$78 |
| $18 (-15%) | +$9 | +$20 | +$27 | +$28 |
| $19 (-10%) | +$99 | +$116 | +$130 | +$135 |
| $20 (-5%) | +$180 | +$203 | +$227 | +$242 |
| $21 (-2%) | +$223 | +$250 | +$280 | +$306 |
| $21 (0%) ← now | +$250 | +$279 | +$313 | +$349 |
| $22 (+2%) | +$275 | +$306 | +$343 | +$392 |
| $22 (+5%) | +$309 | +$341 | +$382 | +$456 |
| $23 (+8%) ← target | +$336 | +$369 | +$411 | +$512 |
| $24 (+10%) | +$357 | +$391 | +$433 | +$512 |
| $25 (+15%) | +$395 | +$427 | +$466 | +$512 |
| $26 (+20%) | +$424 | +$453 | +$486 | +$512 |
Why This Strategy, Why Now
- RSI at 32 — oversold, not ideal for selling calls
- IV -67% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 19 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if BOX rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.