← Best Covered Calls
/ NN
NN Covered Call Analysis: Proceed With Caution Weak · 45/100
NN · $15.28 ·
Analysis generated Apr 10, 2026 ·
Data as of market close Apr 10
· Market closed — data may be from last trading day
This strategy is NOT recommended for NN right now
Score 45/100. The technical signals do not support selling covered calls on NN at this time.
IV -36% vs avg — premiums below average, less income. MACD bearish — stock may keep falling (risk).
Check back when conditions improve, or consider a different strategy.
Quick Take
NN is trading at $15.28 with RSI at 40 (neutral territory). Options IV is at 110% — 36% below its 30-day average of 172%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
40
IV Today
109.6%
IV vs 30d Avg
-36%
MACD
bearish
ADX
22
MFI
42
The Setup
NN Covered Call
LONG STOCK
100 shares @ $15.28
SHORT CALL
$17 Jun '26 · $2.02/sh
Net Cost
$1,326
Max Profit
+$324
Break-even
$13.26
Projected P&L at Target
+$324
(24.4%)
P&L at Expiry
P&L Scenarios
What happens at different NN prices by expiry:
| NN Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $12 (-20%) | -$181 | -$151 | -$120 | -$104 |
| $13 (-15%) | -$129 | -$94 | -$56 | -$27 |
| $14 (-10%) | -$82 | -$43 | +$3 | +$49 |
| $15 (-5%) | -$39 | +$4 | +$57 | +$126 |
| $15 (-2%) | -$15 | +$29 | +$86 | +$171 |
| $15 (0%) ← now | +$0 | +$46 | +$104 | +$202 |
| $16 (+2%) | +$15 | +$62 | +$122 | +$233 |
| $16 (+5%) | +$35 | +$83 | +$145 | +$278 |
| $17 (+8%) ← target | +$55 | +$104 | +$167 | +$324 |
| $17 (+10%) | +$67 | +$117 | +$180 | +$324 |
| $18 (+15%) | +$96 | +$145 | +$209 | +$324 |
| $18 (+20%) | +$121 | +$171 | +$233 | +$324 |
Why This Strategy, Why Now
- RSI at 40
- IV -36% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 22 — moderate trend
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if NN rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.