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INTU Covered Call Analysis: Proceed With Caution Weak · 30/100
Intuit Inc (Technology) · $350.94 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
This strategy is NOT recommended for INTU right now
Score 30/100. The technical signals do not support selling covered calls on INTU at this time.
RSI at 28 — oversold, not ideal for selling calls. IV -39% vs avg — premiums below average, less income. MACD bearish — stock may keep falling (risk).
Check back when conditions improve, or consider a different strategy.
Quick Take
INTU is trading at $350.94 with RSI at 28 (oversold territory). Options IV is at 49% — 39% below its 30-day average of 81%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
28
IV Today
49.0%
IV vs 30d Avg
-39%
MACD
bearish
ADX
25
MFI
34
The Setup
INTU Covered Call
LONG STOCK
100 shares @ $350.94
SHORT CALL
$380 Jun '26 · $24.0/sh
Net Cost
$32,694
Max Profit
+$5,306
Break-even
$326.94
Projected P&L at Target
+$5,306
(16.2%)
P&L at Expiry
P&L Scenarios
What happens at different INTU prices by expiry:
| INTU Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $281 (-20%) | -$4,957 | -$4,761 | -$4,637 | -$4,619 |
| $298 (-15%) | -$3,462 | -$3,166 | -$2,928 | -$2,864 |
| $316 (-10%) | -$2,086 | -$1,682 | -$1,290 | -$1,109 |
| $333 (-5%) | -$847 | -$341 | +$222 | +$645 |
| $344 (-2%) | -$174 | +$385 | +$1,044 | +$1,698 |
| $351 (0%) ← now | +$245 | +$834 | +$1,550 | +$2,400 |
| $358 (+2%) | +$639 | +$1,255 | +$2,019 | +$3,102 |
| $368 (+5%) | +$1,186 | +$1,831 | +$2,650 | +$4,155 |
| $380 (+8%) ← target | +$1,724 | +$2,388 | +$3,238 | +$5,306 |
| $386 (+10%) | +$1,981 | +$2,650 | +$3,504 | +$5,306 |
| $404 (+15%) | +$2,640 | +$3,303 | +$4,126 | +$5,306 |
| $421 (+20%) | +$3,176 | +$3,808 | +$4,552 | +$5,306 |
Why This Strategy, Why Now
- RSI at 28 — oversold, not ideal for selling calls
- IV -39% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 25 — moderate trend
- No squeeze — no imminent breakout
Key Risks
ADX at 25 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.