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Why KEYS Is an Excellent Covered Call Candidate Right Now Strong · 80/100
KEYS · $324.18 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
Quick Take
KEYS is trading at $324.18 with RSI at 67 (neutral territory). Options IV is at 51% — 31% below its 30-day average of 74%. 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)
67
IV Today
51.0%
IV vs 30d Avg
-31%
MACD
bullish
ADX
20
MFI
46
The Setup
KEYS Covered Call
LONG STOCK
100 shares @ $324.18
SHORT CALL
$350 Jun '26 · $17.2/sh
Net Cost
$30,698
Max Profit
+$4,302
Break-even
$306.98
Projected P&L at Target
+$4,302
(14.0%)
P&L at Expiry
P&L Scenarios
What happens at different KEYS prices by expiry:
| KEYS Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $259 (-20%) | -$5,003 | -$4,858 | -$4,774 | -$4,764 |
| $276 (-15%) | -$3,592 | -$3,359 | -$3,184 | -$3,143 |
| $292 (-10%) | -$2,290 | -$1,960 | -$1,651 | -$1,522 |
| $308 (-5%) | -$1,120 | -$695 | -$229 | +$99 |
| $318 (-2%) | -$487 | -$11 | +$544 | +$1,072 |
| $324 (0%) ← now | -$95 | +$410 | +$1,018 | +$1,720 |
| $331 (+2%) | +$274 | +$802 | +$1,456 | +$2,368 |
| $340 (+5%) | +$782 | +$1,338 | +$2,041 | +$3,341 |
| $350 (+8%) ← target | +$1,232 | +$1,803 | +$2,532 | +$4,302 |
| $357 (+10%) | +$1,513 | +$2,088 | +$2,820 | +$4,302 |
| $373 (+15%) | +$2,108 | +$2,674 | +$3,370 | +$4,302 |
| $389 (+20%) | +$2,583 | +$3,114 | +$3,729 | +$4,302 |
Why This Strategy, Why Now
- RSI at 67 — extended, ideal for selling calls
- IV -31% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 20 — moderate trend
- No squeeze — no imminent breakout
Key Risks
KEYS 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 KEYS approaches the strike before expiry.