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PAR Covered Call Analysis: Proceed With Caution Weak · 30/100
PAR · $11.82 ·
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 PAR right now
Score 30/100. The technical signals do not support selling covered calls on PAR at this time.
IV -21% vs avg — premiums below average, less income. MACD bearish — stock may keep falling (risk). ADX at 33 — strong trend, stock may run past strike.
Check back when conditions improve, or consider a different strategy.
Quick Take
PAR is trading at $11.82 with RSI at 42 (neutral territory). Options IV is at 61% — 21% below its 30-day average of 77%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
42
IV Today
61.0%
IV vs 30d Avg
-21%
MACD
bearish
ADX
33
MFI
60
The Setup
PAR Covered Call
LONG STOCK
100 shares @ $11.82
SHORT CALL
$13 Jun '26 · $0.24/sh
Net Cost
$1,158
Max Profit
+$142
Break-even
$11.58
Projected P&L at Target
+$142
(12.2%)
P&L at Expiry
P&L Scenarios
What happens at different PAR prices by expiry:
| PAR Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $9 (-20%) | -$212 | -$212 | -$212 | -$212 |
| $10 (-15%) | -$154 | -$153 | -$153 | -$153 |
| $11 (-10%) | -$98 | -$96 | -$94 | -$94 |
| $11 (-5%) | -$46 | -$40 | -$36 | -$35 |
| $12 (-2%) | -$18 | -$10 | -$3 | +$0 |
| $12 (0%) ← now | +$0 | +$10 | +$19 | +$24 |
| $12 (+2%) | +$17 | +$28 | +$40 | +$48 |
| $12 (+5%) | +$39 | +$52 | +$66 | +$83 |
| $13 (+10%) ← target | +$70 | +$84 | +$101 | +$142 |
| $14 (+15%) | +$93 | +$106 | +$122 | +$142 |
| $14 (+20%) | +$108 | +$120 | +$132 | +$142 |
Why This Strategy, Why Now
- RSI at 42
- IV -21% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 33 — strong trend, stock may run past strike
- No squeeze — no imminent breakout
Key Risks
ADX at 33 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.