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Why MSTR Is an Excellent Covered Call Candidate Right Now Strong · 80/100
MSTR · $128.64 ·
Analysis generated Apr 10, 2026 ·
Data as of market close Apr 10
· Market closed — data may be from last trading day
Quick Take
MSTR is trading at $128.64 with RSI at 48 (neutral territory). Options IV is at 77% — 14% below its 30-day average of 90%. 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
77.2%
IV vs 30d Avg
-14%
MACD
bullish
ADX
12
MFI
43
The Setup
MSTR Covered Call
LONG STOCK
100 shares @ $128.64
SHORT CALL
$140 Jun '26 · $11.59/sh
Net Cost
$11,705
Max Profit
+$2,295
Break-even
$117.05
Projected P&L at Target
+$2,295
(19.6%)
P&L at Expiry
P&L Scenarios
What happens at different MSTR prices by expiry:
| MSTR Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $103 (-20%) | -$1,840 | -$1,653 | -$1,481 | -$1,414 |
| $109 (-15%) | -$1,370 | -$1,141 | -$904 | -$771 |
| $116 (-10%) | -$938 | -$670 | -$367 | -$127 |
| $122 (-5%) | -$546 | -$244 | +$120 | +$516 |
| $126 (-2%) | -$329 | -$10 | +$384 | +$902 |
| $129 (0%) ← now | -$192 | +$136 | +$549 | +$1,159 |
| $131 (+2%) | -$61 | +$276 | +$704 | +$1,416 |
| $135 (+5%) | +$125 | +$472 | +$917 | +$1,802 |
| $140 (+9%) ← target | +$343 | +$699 | +$1,159 | +$2,295 |
| $142 (+10%) | +$406 | +$764 | +$1,226 | +$2,295 |
| $148 (+15%) | +$654 | +$1,015 | +$1,477 | +$2,295 |
| $154 (+20%) | +$871 | +$1,229 | +$1,676 | +$2,295 |
Why This Strategy, Why Now
- RSI at 48
- IV -14% vs avg — premiums near average, acceptable
- MACD bullish — stock has upward momentum
- ADX at 12 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
MSTR 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 MSTR approaches the strike before expiry.