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CRCL Covered Call Analysis: Proceed With Caution Weak · 45/100
CRCL · $88.04 ·
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 CRCL right now
Score 45/100. The technical signals do not support selling covered calls on CRCL at this time.
IV -26% 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
CRCL is trading at $88.04 with RSI at 43 (neutral territory). Options IV is at 81% — 26% below its 30-day average of 109%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
43
IV Today
80.8%
IV vs 30d Avg
-26%
MACD
bearish
ADX
26
MFI
14
The Setup
CRCL Covered Call
LONG STOCK
100 shares @ $88.04
SHORT CALL
$95 Jun '26 · $10.4/sh
Net Cost
$7,764
Max Profit
+$1,736
Break-even
$77.64
Projected P&L at Target
+$1,736
(22.4%)
P&L at Expiry
P&L Scenarios
What happens at different CRCL prices by expiry:
| CRCL Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $70 (-20%) | -$1,068 | -$924 | -$784 | -$721 |
| $75 (-15%) | -$757 | -$585 | -$399 | -$281 |
| $79 (-10%) | -$472 | -$274 | -$43 | +$160 |
| $84 (-5%) | -$213 | +$7 | +$277 | +$600 |
| $86 (-2%) | -$70 | +$161 | +$451 | +$864 |
| $88 (0%) ← now | +$20 | +$258 | +$559 | +$1,040 |
| $90 (+2%) | +$107 | +$350 | +$660 | +$1,216 |
| $92 (+5%) | +$230 | +$479 | +$801 | +$1,480 |
| $95 (+8%) ← target | +$341 | +$595 | +$923 | +$1,736 |
| $97 (+10%) | +$416 | +$672 | +$1,003 | +$1,736 |
| $101 (+15%) | +$581 | +$840 | +$1,169 | +$1,736 |
| $106 (+20%) | +$727 | +$983 | +$1,302 | +$1,736 |
Why This Strategy, Why Now
- RSI at 43
- IV -26% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 26 — moderate trend
- No squeeze — no imminent breakout
Key Risks
ADX at 26 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.