← Best Covered Calls
/ JPM
Why JPM Is an Excellent Covered Call Candidate Right Now Strong · 80/100
JPM · $309.87 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
Quick Take
JPM is trading at $309.87 with RSI at 65 (neutral territory). Options IV is at 25% — 49% below its 30-day average of 48%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
65
IV Today
24.6%
IV vs 30d Avg
-49%
MACD
bullish
ADX
21
MFI
66
The Setup
JPM Covered Call
LONG STOCK
100 shares @ $309.87
SHORT CALL
$335 Jun '26 · $4.45/sh
Net Cost
$30,542
Max Profit
+$2,958
Break-even
$305.42
Projected P&L at Target
+$2,958
(9.7%)
P&L at Expiry
P&L Scenarios
What happens at different JPM prices by expiry:
| JPM Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $248 (-20%) | -$5,758 | -$5,753 | -$5,752 | -$5,752 |
| $263 (-15%) | -$4,231 | -$4,209 | -$4,203 | -$4,203 |
| $279 (-10%) | -$2,752 | -$2,687 | -$2,656 | -$2,654 |
| $294 (-5%) | -$1,377 | -$1,236 | -$1,129 | -$1,104 |
| $304 (-2%) | -$631 | -$435 | -$252 | -$175 |
| $310 (0%) ← now | -$174 | +$58 | +$299 | +$445 |
| $316 (+2%) | +$246 | +$511 | +$810 | +$1,065 |
| $325 (+5%) | +$802 | +$1,104 | +$1,473 | +$1,994 |
| $335 (+8%) ← target | +$1,282 | +$1,604 | +$2,008 | +$2,958 |
| $341 (+10%) | +$1,528 | +$1,851 | +$2,254 | +$2,958 |
| $356 (+15%) | +$2,022 | +$2,318 | +$2,652 | +$2,958 |
| $372 (+20%) | +$2,330 | +$2,572 | +$2,806 | +$2,958 |
Why This Strategy, Why Now
- RSI at 65 — extended, ideal for selling calls
- IV -49% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 21 — moderate trend
- No squeeze — no imminent breakout
Key Risks
JPM 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 JPM approaches the strike before expiry.