← Best Covered Calls
/ OTEX
OTEX Covered Call Analysis: Proceed With Caution Weak · 15/100
OTEX · $20.85 ·
Analysis generated Nov 26, 2025 ·
Data as of market close Nov 26
· Market closed — data may be from last trading day
This strategy is NOT recommended for OTEX right now
Score 15/100. The technical signals do not support selling covered calls on OTEX at this time.
RSI at 38 — oversold, not ideal for selling calls. IV -100% vs avg — premiums below average, less income. MACD bearish — stock may keep falling (risk). ADX at 39 — strong trend, stock may run past strike.
Check back when conditions improve, or consider a different strategy.
Quick Take
OTEX is trading at $20.85 with RSI at 38 (oversold territory). Options IV is at 0% — 100% below its 30-day average of 74%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
38
IV Today
0.0%
IV vs 30d Avg
-100%
MACD
bearish
ADX
39
MFI
42
The Setup
OTEX Covered Call
LONG STOCK
100 shares @ $20.85
SHORT CALL
$23 Jun '26 · $2.38/sh
Net Cost
$1,847
Max Profit
+$403
Break-even
$18.47
Projected P&L at Target
+$403
(21.8%)
P&L at Expiry
P&L Scenarios
What happens at different OTEX prices by expiry:
| OTEX Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $17 (-20%) | -$259 | -$225 | -$193 | -$179 |
| $18 (-15%) | -$185 | -$145 | -$102 | -$75 |
| $19 (-10%) | -$117 | -$70 | -$17 | +$30 |
| $20 (-5%) | -$55 | -$4 | +$59 | +$134 |
| $20 (-2%) | -$22 | +$33 | +$100 | +$196 |
| $21 (0%) ← now | +$0 | +$56 | +$126 | +$238 |
| $21 (+2%) | +$21 | +$78 | +$150 | +$280 |
| $22 (+5%) | +$50 | +$108 | +$183 | +$342 |
| $23 (+8%) ← target | +$76 | +$136 | +$213 | +$403 |
| $23 (+10%) | +$94 | +$154 | +$232 | +$403 |
| $24 (+15%) | +$133 | +$194 | +$271 | +$403 |
| $25 (+20%) | +$168 | +$228 | +$302 | +$403 |
Why This Strategy, Why Now
- RSI at 38 — oversold, not ideal for selling calls
- IV -100% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 39 — strong trend, stock may run past strike
- No squeeze — no imminent breakout
Key Risks
ADX at 39 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.