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MA Covered Call Analysis: Proceed With Caution Weak · 55/100
MA · $498.66 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
Quick Take
MA is trading at $498.66 with RSI at 48 (neutral territory). Options IV is at 26% — 47% 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)
48
IV Today
25.8%
IV vs 30d Avg
-47%
MACD
bullish
ADX
24
MFI
75
The Setup
MA Covered Call
LONG STOCK
100 shares @ $498.66
SHORT CALL
$540 Jun '26 · $7.7/sh
Net Cost
$49,096
Max Profit
+$4,904
Break-even
$490.96
Projected P&L at Target
+$4,904
(10.0%)
P&L at Expiry
P&L Scenarios
What happens at different MA prices by expiry:
| MA Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $399 (-20%) | -$9,215 | -$9,205 | -$9,203 | -$9,203 |
| $424 (-15%) | -$6,764 | -$6,722 | -$6,710 | -$6,710 |
| $449 (-10%) | -$4,396 | -$4,280 | -$4,222 | -$4,217 |
| $474 (-5%) | -$2,199 | -$1,957 | -$1,770 | -$1,723 |
| $489 (-2%) | -$1,005 | -$675 | -$363 | -$227 |
| $499 (0%) ← now | -$274 | +$114 | +$520 | +$770 |
| $509 (+2%) | +$399 | +$839 | +$1,338 | +$1,767 |
| $524 (+5%) | +$1,294 | +$1,795 | +$2,407 | +$3,263 |
| $540 (+8%) ← target | +$2,115 | +$2,649 | +$3,321 | +$4,904 |
| $549 (+10%) | +$2,475 | +$3,013 | +$3,684 | +$4,904 |
| $573 (+15%) | +$3,293 | +$3,790 | +$4,360 | +$4,904 |
| $598 (+20%) | +$3,816 | +$4,229 | +$4,637 | +$4,904 |
Why This Strategy, Why Now
- RSI at 48
- IV -47% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 24 — moderate trend
- TTM Squeeze ON — breakout imminent, risky for capped strategies
- MFI at 75 — money flow confirms overbought
Key Risks
MA 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 MA 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.