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CRM Covered Call Analysis: Proceed With Caution Weak · 35/100
CRM · $164.96 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
This strategy is NOT recommended for CRM right now
Score 35/100. The technical signals do not support selling covered calls on CRM at this time.
RSI at 30 — oversold, not ideal for selling calls. IV -27% 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
CRM is trading at $164.96 with RSI at 30 (oversold territory). Options IV is at 42% — 27% below its 30-day average of 58%. 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
42.2%
IV vs 30d Avg
-27%
MACD
bearish
ADX
16
MFI
39
The Setup
CRM Covered Call
LONG STOCK
100 shares @ $164.96
SHORT CALL
$180 Jun '26 · $7.71/sh
Net Cost
$15,725
Max Profit
+$2,275
Break-even
$157.25
Projected P&L at Target
+$2,275
(14.5%)
P&L at Expiry
P&L Scenarios
What happens at different CRM prices by expiry:
| CRM Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $132 (-20%) | -$2,599 | -$2,551 | -$2,530 | -$2,528 |
| $140 (-15%) | -$1,850 | -$1,766 | -$1,711 | -$1,703 |
| $148 (-10%) | -$1,154 | -$1,023 | -$912 | -$879 |
| $157 (-5%) | -$522 | -$341 | -$156 | -$54 |
| $162 (-2%) | -$179 | +$30 | +$262 | +$441 |
| $165 (0%) ← now | +$34 | +$259 | +$521 | +$771 |
| $168 (+2%) | +$234 | +$473 | +$762 | +$1,101 |
| $173 (+5%) | +$508 | +$764 | +$1,084 | +$1,596 |
| $180 (+9%) ← target | +$837 | +$1,106 | +$1,448 | +$2,275 |
| $190 (+15%) | +$1,217 | +$1,483 | +$1,813 | +$2,275 |
| $198 (+20%) | +$1,464 | +$1,714 | +$2,003 | +$2,275 |
Why This Strategy, Why Now
- RSI at 30 — oversold, not ideal for selling calls
- IV -27% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 16 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if CRM rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.