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DBX Covered Call Analysis: Proceed With Caution Weak · 15/100
DBX · $22.06 ·
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 DBX right now
Score 15/100. The technical signals do not support selling covered calls on DBX 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). ADX at 38 — strong trend, stock may run past strike.
Check back when conditions improve, or consider a different strategy.
Quick Take
DBX is trading at $22.06 with RSI at 32 (oversold territory). Options IV is at 32% — 67% below its 30-day average of 99%. 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
32.3%
IV vs 30d Avg
-67%
MACD
bearish
ADX
38
MFI
38
The Setup
DBX Covered Call
LONG STOCK
100 shares @ $22.06
SHORT CALL
$24 Jun '26 · $0.84/sh
Net Cost
$2,122
Max Profit
+$278
Break-even
$21.22
Projected P&L at Target
+$278
(13.1%)
P&L at Expiry
P&L Scenarios
What happens at different DBX prices by expiry:
| DBX Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $18 (-20%) | -$363 | -$359 | -$357 | -$357 |
| $19 (-15%) | -$260 | -$252 | -$248 | -$247 |
| $20 (-10%) | -$164 | -$150 | -$140 | -$137 |
| $21 (-5%) | -$76 | -$56 | -$36 | -$26 |
| $22 (-2%) | -$29 | -$5 | +$22 | +$40 |
| $22 (0%) ← now | +$0 | +$27 | +$57 | +$84 |
| $23 (+2%) | +$27 | +$56 | +$90 | +$128 |
| $23 (+5%) | +$65 | +$95 | +$134 | +$194 |
| $24 (+9%) ← target | +$106 | +$138 | +$179 | +$278 |
| $24 (+10%) | +$117 | +$150 | +$191 | +$278 |
| $25 (+15%) | +$158 | +$190 | +$229 | +$278 |
| $26 (+20%) | +$189 | +$218 | +$251 | +$278 |
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 38 — strong trend, stock may run past strike
- No squeeze — no imminent breakout
Key Risks
ADX at 38 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.