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Why GS Is an Excellent Covered Call Candidate Right Now Strong · 85/100
GS · $907.80 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
Quick Take
GS is trading at $907.80 with RSI at 63 (neutral territory). Options IV is at 0% — 100% below its 30-day average of 53%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
63
IV Today
0%
IV vs 30d Avg
-100%
MACD
bullish
ADX
18
MFI
66
The Setup
GS Covered Call
LONG STOCK
100 shares @ $907.8
SHORT CALL
$980 Jun '26 · $20.95/sh
Net Cost
$88,685
Max Profit
+$9,315
Break-even
$886.85
Projected P&L at Target
+$9,315
(10.5%)
P&L at Expiry
P&L Scenarios
What happens at different GS prices by expiry:
| GS Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $726 (-20%) | -$16,061 | -$16,061 | -$16,061 | -$16,061 |
| $772 (-15%) | -$11,522 | -$11,522 | -$11,522 | -$11,522 |
| $817 (-10%) | -$6,983 | -$6,983 | -$6,983 | -$6,983 |
| $862 (-5%) | -$2,444 | -$2,444 | -$2,444 | -$2,444 |
| $890 (-2%) | +$279 | +$279 | +$279 | +$279 |
| $908 (0%) ← now | +$2,092 | +$2,095 | +$2,095 | +$2,095 |
| $926 (+2%) | +$3,883 | +$3,906 | +$3,911 | +$3,911 |
| $953 (+5%) | +$6,315 | +$6,482 | +$6,604 | +$6,634 |
| $980 (+8%) ← target | +$7,861 | +$8,196 | +$8,579 | +$9,315 |
| $999 (+10%) | +$8,319 | +$8,646 | +$8,987 | +$9,315 |
| $1044 (+15%) | +$8,507 | +$8,773 | +$9,038 | +$9,315 |
| $1089 (+20%) | +$8,509 | +$8,773 | +$9,038 | +$9,315 |
Why This Strategy, Why Now
- RSI at 63 — extended, ideal for selling calls
- IV -100% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 18 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
GS 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 GS approaches the strike before expiry.