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NTNX Covered Call Analysis: Proceed With Caution Weak · 35/100
NTNX · $34.41 ·
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 NTNX right now
Score 35/100. The technical signals do not support selling covered calls on NTNX at this time.
RSI at 34 — oversold, not ideal for selling calls. IV -28% 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
NTNX is trading at $34.41 with RSI at 34 (oversold territory). Options IV is at 52% — 28% below its 30-day average of 73%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
34
IV Today
52.3%
IV vs 30d Avg
-28%
MACD
bearish
ADX
17
MFI
37
The Setup
NTNX Covered Call
LONG STOCK
100 shares @ $34.41
SHORT CALL
$37 Jun '26 · $2.53/sh
Net Cost
$3,188
Max Profit
+$512
Break-even
$31.88
Projected P&L at Target
+$512
(16.1%)
P&L at Expiry
P&L Scenarios
What happens at different NTNX prices by expiry:
| NTNX Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $28 (-20%) | -$485 | -$459 | -$439 | -$435 |
| $29 (-15%) | -$345 | -$308 | -$275 | -$263 |
| $31 (-10%) | -$217 | -$169 | -$120 | -$91 |
| $33 (-5%) | -$102 | -$44 | +$22 | +$81 |
| $34 (-2%) | -$39 | +$23 | +$98 | +$184 |
| $34 (0%) ← now | +$0 | +$65 | +$145 | +$253 |
| $35 (+2%) | +$37 | +$104 | +$188 | +$322 |
| $36 (+5%) | +$88 | +$158 | +$247 | +$425 |
| $37 (+8%) ← target | +$128 | +$199 | +$290 | +$512 |
| $38 (+10%) | +$164 | +$235 | +$327 | +$512 |
| $40 (+15%) | +$227 | +$298 | +$386 | +$512 |
| $41 (+20%) | +$279 | +$347 | +$428 | +$512 |
Why This Strategy, Why Now
- RSI at 34 — oversold, not ideal for selling calls
- IV -28% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 17 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if NTNX rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.