← Best Covered Calls
/ COHR
Why COHR Is an Excellent Covered Call Candidate Right Now Strong · 85/100
COHR · $307.50 ·
Analysis generated Apr 10, 2026 ·
Data as of market close Apr 10
· Market closed — data may be from last trading day
Quick Take
COHR is trading at $307.50 with RSI at 66 (neutral territory). Options IV is at 79% — 30% below its 30-day average of 113%. While the stock is extended, IV is below average which means premiums aren't as rich. The trade still works but yields less income than usual.
Technical Signals
RSI (14)
66
IV Today
78.7%
IV vs 30d Avg
-31%
MACD
bullish
ADX
13
MFI
65
The Setup
COHR Covered Call
LONG STOCK
100 shares @ $307.5
SHORT CALL
$330 Jun '26 · $41.15/sh
Net Cost
$26,635
Max Profit
+$6,365
Break-even
$266.35
Projected P&L at Target
+$6,365
(23.9%)
P&L at Expiry
P&L Scenarios
What happens at different COHR prices by expiry:
| COHR Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $246 (-20%) | -$3,288 | -$2,775 | -$2,271 | -$2,035 |
| $261 (-15%) | -$2,213 | -$1,601 | -$937 | -$497 |
| $277 (-10%) | -$1,229 | -$528 | +$292 | +$1,040 |
| $292 (-5%) | -$335 | +$441 | +$1,396 | +$2,577 |
| $301 (-2%) | +$159 | +$972 | +$1,995 | +$3,500 |
| $308 (0%) ← now | +$471 | +$1,305 | +$2,365 | +$4,115 |
| $314 (+2%) | +$770 | +$1,622 | +$2,713 | +$4,730 |
| $323 (+5%) | +$1,193 | +$2,067 | +$3,194 | +$5,653 |
| $330 (+7%) ← target | +$1,500 | +$2,386 | +$3,530 | +$6,365 |
| $338 (+10%) | +$1,835 | +$2,730 | +$3,884 | +$6,365 |
| $354 (+15%) | +$2,402 | +$3,302 | +$4,448 | +$6,365 |
| $369 (+20%) | +$2,902 | +$3,792 | +$4,899 | +$6,365 |
Why This Strategy, Why Now
- RSI at 66 — extended, ideal for selling calls
- IV -30% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 13 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
COHR 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 COHR approaches the strike before expiry.