← Best Covered Calls
/ KLAC
KLAC Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 63/100
KLA Corporation (Technology) · $1737.28 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
Quick Take
KLAC is trading at $1737.28 with RSI at 55 (neutral territory). Options IV is at 48% — 39% below its 30-day average of 79%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
55
IV Today
47.9%
IV vs 30d Avg
-39%
MACD
bullish
ADX
17
MFI
64
The Setup
KLAC Covered Call
LONG STOCK
100 shares @ $1737.28
SHORT CALL
$1880 Jun '26 · $105.56/sh
Net Cost
$163,172
Max Profit
+$24,828
Break-even
$1631.72
Projected P&L at Target
+$24,828
(15.2%)
P&L at Expiry
P&L Scenarios
What happens at different KLAC prices by expiry:
| KLAC Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $1390 (-20%) | -$25,452 | -$24,681 | -$24,241 | -$24,190 |
| $1477 (-15%) | -$17,873 | -$16,640 | -$15,713 | -$15,503 |
| $1564 (-10%) | -$10,880 | -$9,121 | -$7,484 | -$6,817 |
| $1650 (-5%) | -$4,581 | -$2,310 | +$163 | +$1,870 |
| $1703 (-2%) | -$1,170 | +$1,372 | +$4,329 | +$7,081 |
| $1737 (0%) ← now | +$947 | +$3,645 | +$6,890 | +$10,556 |
| $1772 (+2%) | +$2,936 | +$5,766 | +$9,260 | +$14,031 |
| $1824 (+5%) | +$5,680 | +$8,659 | +$12,430 | +$19,242 |
| $1880 (+8%) ← target | +$8,309 | +$11,382 | +$15,305 | +$24,828 |
| $1911 (+10%) | +$9,634 | +$12,728 | +$16,669 | +$24,828 |
| $1998 (+15%) | +$12,861 | +$15,910 | +$19,675 | +$24,828 |
| $2085 (+20%) | +$15,440 | +$18,314 | +$21,654 | +$24,828 |
Why This Strategy, Why Now
- RSI at 55 — neutral-bullish
- IV -39% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 17 — range-bound, perfect for selling calls
- TTM Squeeze ON — breakout imminent, risky for capped strategies
Key Risks
KLAC 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 KLAC approaches the strike before expiry.
TTM Squeeze is ON — a volatility breakout may be imminent. If the breakout is to the upside, your short call will be tested quickly.