← Best Covered Calls
/ ENTG
Why ENTG Is an Excellent Covered Call Candidate Right Now Strong · 85/100
ENTG · $135.32 ·
Analysis generated Apr 10, 2026 ·
Data as of market close Apr 10
· Market closed — data may be from last trading day
Quick Take
ENTG is trading at $135.32 with RSI at 65 (neutral territory). Options IV is at 59% — 28% below its 30-day average of 81%. 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)
65
IV Today
58.6%
IV vs 30d Avg
-28%
MACD
bullish
ADX
20
MFI
66
The Setup
ENTG Covered Call
LONG STOCK
100 shares @ $135.32
SHORT CALL
$145 Jun '26 · $10.31/sh
Net Cost
$12,501
Max Profit
+$1,999
Break-even
$125.01
Projected P&L at Target
+$1,999
(16.0%)
P&L at Expiry
P&L Scenarios
What happens at different ENTG prices by expiry:
| ENTG Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $108 (-20%) | -$1,886 | -$1,776 | -$1,694 | -$1,675 |
| $115 (-15%) | -$1,341 | -$1,190 | -$1,051 | -$999 |
| $122 (-10%) | -$842 | -$649 | -$445 | -$322 |
| $129 (-5%) | -$395 | -$165 | +$104 | +$354 |
| $133 (-2%) | -$152 | +$97 | +$399 | +$760 |
| $135 (0%) ← now | -$0 | +$259 | +$581 | +$1,031 |
| $138 (+2%) | +$143 | +$411 | +$748 | +$1,302 |
| $142 (+5%) | +$342 | +$619 | +$974 | +$1,708 |
| $145 (+7%) ← target | +$474 | +$755 | +$1,116 | +$1,999 |
| $149 (+10%) | +$634 | +$918 | +$1,281 | +$1,999 |
| $156 (+15%) | +$880 | +$1,161 | +$1,510 | +$1,999 |
| $162 (+20%) | +$1,083 | +$1,353 | +$1,672 | +$1,999 |
Why This Strategy, Why Now
- RSI at 65 — extended, ideal for selling calls
- IV -28% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 20 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
ENTG 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 ENTG approaches the strike before expiry.