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Why IPGP Is an Excellent Covered Call Candidate Right Now Strong · 78/100
IPGP · $127.32 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
Quick Take
IPGP is trading at $127.32 with RSI at 58 (neutral territory). Options IV is at 61% — 46% below its 30-day average of 113%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
58
IV Today
60.6%
IV vs 30d Avg
-46%
MACD
bullish
ADX
18
MFI
61
The Setup
IPGP Covered Call
LONG STOCK
100 shares @ $127.32
SHORT CALL
$140 Jun '26 · $9.47/sh
Net Cost
$11,785
Max Profit
+$2,215
Break-even
$117.85
Projected P&L at Target
+$2,215
(18.8%)
P&L at Expiry
P&L Scenarios
What happens at different IPGP prices by expiry:
| IPGP Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $102 (-20%) | -$1,809 | -$1,699 | -$1,617 | -$1,599 |
| $108 (-15%) | -$1,293 | -$1,144 | -$1,010 | -$963 |
| $115 (-10%) | -$818 | -$628 | -$433 | -$326 |
| $121 (-5%) | -$386 | -$160 | +$98 | +$310 |
| $125 (-2%) | -$149 | +$97 | +$389 | +$692 |
| $127 (0%) ← now | +$0 | +$257 | +$570 | +$947 |
| $130 (+2%) | +$142 | +$409 | +$740 | +$1,202 |
| $134 (+5%) | +$342 | +$620 | +$973 | +$1,584 |
| $140 (+10%) ← target | +$636 | +$927 | +$1,300 | +$2,215 |
| $146 (+15%) | +$894 | +$1,187 | +$1,560 | +$2,215 |
| $153 (+20%) | +$1,111 | +$1,399 | +$1,755 | +$2,215 |
Why This Strategy, Why Now
- RSI at 58 — neutral-bullish
- IV -46% 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
IPGP 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 IPGP approaches the strike before expiry.