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CRWD Covered Call Analysis: Proceed With Caution Weak · 50/100
Crowdstrike Holdings Inc (Technology) · $379.02 ·
Analysis generated Apr 10, 2026 ·
Data as of market close Apr 10
· Market closed — data may be from last trading day
Quick Take
CRWD is trading at $379.02 with RSI at 41 (neutral territory). Options IV is at 48% — 24% below its 30-day average of 63%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
41
IV Today
47.7%
IV vs 30d Avg
-25%
MACD
bearish
ADX
18
MFI
50
The Setup
CRWD Covered Call
LONG STOCK
100 shares @ $379.02
SHORT CALL
$410 Jun '26 · $21.9/sh
Net Cost
$35,712
Max Profit
+$5,288
Break-even
$357.12
Projected P&L at Target
+$5,288
(14.8%)
P&L at Expiry
P&L Scenarios
What happens at different CRWD prices by expiry:
| CRWD Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $303 (-20%) | -$5,690 | -$5,510 | -$5,403 | -$5,390 |
| $322 (-15%) | -$4,049 | -$3,765 | -$3,547 | -$3,495 |
| $341 (-10%) | -$2,535 | -$2,136 | -$1,760 | -$1,600 |
| $360 (-5%) | -$1,173 | -$663 | -$103 | +$295 |
| $371 (-2%) | -$434 | +$134 | +$799 | +$1,432 |
| $379 (0%) ← now | +$24 | +$626 | +$1,353 | +$2,190 |
| $387 (+2%) | +$455 | +$1,085 | +$1,866 | +$2,948 |
| $398 (+5%) | +$1,050 | +$1,713 | +$2,553 | +$4,085 |
| $410 (+8%) ← target | +$1,615 | +$2,297 | +$3,169 | +$5,288 |
| $417 (+10%) | +$1,910 | +$2,597 | +$3,474 | +$5,288 |
| $436 (+15%) | +$2,614 | +$3,292 | +$4,131 | +$5,288 |
| $455 (+20%) | +$3,180 | +$3,821 | +$4,568 | +$5,288 |
Why This Strategy, Why Now
- RSI at 41
- IV -24% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 18 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if CRWD rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.