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NOVT Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 73/100
NOVT · $125.23 ·
Analysis generated Nov 26, 2025 ·
Data as of market close Nov 26
· Market closed — data may be from last trading day
Quick Take
NOVT is trading at $125.23 with RSI at 53 (neutral territory). Options IV is at 49% — 21% below its 30-day average of 62%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
53
IV Today
49.0%
IV vs 30d Avg
-21%
MACD
bullish
ADX
20
MFI
49
The Setup
NOVT Covered Call
LONG STOCK
100 shares @ $125.23
SHORT CALL
$135 Jun '26 · $6.14/sh
Net Cost
$11,909
Max Profit
+$1,591
Break-even
$119.09
Projected P&L at Target
+$1,591
(13.4%)
P&L at Expiry
P&L Scenarios
What happens at different NOVT prices by expiry:
| NOVT Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $100 (-20%) | -$1,953 | -$1,913 | -$1,893 | -$1,891 |
| $106 (-15%) | -$1,392 | -$1,321 | -$1,273 | -$1,264 |
| $113 (-10%) | -$873 | -$766 | -$671 | -$638 |
| $119 (-5%) | -$407 | -$262 | -$109 | -$12 |
| $123 (-2%) | -$155 | +$9 | +$198 | +$364 |
| $125 (0%) ← now | -$0 | +$176 | +$386 | +$614 |
| $128 (+2%) | +$145 | +$331 | +$559 | +$864 |
| $131 (+5%) | +$344 | +$540 | +$789 | +$1,240 |
| $135 (+8%) ← target | +$510 | +$712 | +$969 | +$1,591 |
| $138 (+10%) | +$626 | +$830 | +$1,088 | +$1,591 |
| $144 (+15%) | +$851 | +$1,049 | +$1,290 | +$1,591 |
| $150 (+20%) | +$1,026 | +$1,209 | +$1,415 | +$1,591 |
Why This Strategy, Why Now
- RSI at 53 — neutral-bullish
- IV -21% 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
NOVT 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 NOVT approaches the strike before expiry.