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Why INTC Is an Excellent Covered Call Candidate Right Now Strong · 85/100
Intel Corporation (Technology) · $62.38 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
Quick Take
INTC is trading at $62.38 with RSI at 76 (overbought territory). Options IV is at 62% — 24% 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)
76
IV Today
61.5%
IV vs 30d Avg
-24%
MACD
bullish
ADX
22
MFI
77
The Setup
INTC Covered Call
LONG STOCK
100 shares @ $62.38
SHORT CALL
$67 Jun '26 · $5.17/sh
Net Cost
$5,721
Max Profit
+$979
Break-even
$57.21
Projected P&L at Target
+$979
(17.1%)
P&L at Expiry
P&L Scenarios
What happens at different INTC prices by expiry:
| INTC Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $50 (-20%) | -$851 | -$791 | -$744 | -$731 |
| $53 (-15%) | -$605 | -$526 | -$451 | -$419 |
| $56 (-10%) | -$381 | -$282 | -$176 | -$107 |
| $59 (-5%) | -$179 | -$64 | +$72 | +$205 |
| $61 (-2%) | -$69 | +$55 | +$206 | +$392 |
| $62 (0%) ← now | +$0 | +$128 | +$288 | +$517 |
| $64 (+2%) | +$66 | +$198 | +$365 | +$642 |
| $66 (+5%) | +$157 | +$293 | +$468 | +$829 |
| $67 (+7%) ← target | +$224 | +$363 | +$541 | +$979 |
| $69 (+10%) | +$292 | +$432 | +$611 | +$979 |
| $72 (+15%) | +$407 | +$546 | +$721 | +$979 |
| $75 (+20%) | +$503 | +$638 | +$801 | +$979 |
Why This Strategy, Why Now
- RSI at 76 — extended, ideal for selling calls
- IV -24% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 22 — moderate trend
- No squeeze — no imminent breakout
- MFI at 77 — money flow confirms overbought
Key Risks
INTC 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 INTC approaches the strike before expiry.