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PCOR Covered Call Analysis: Proceed With Caution Weak · 58/100
PCOR · $47.19 ·
Analysis generated Nov 26, 2025 ·
Data as of market close Nov 26
· Market closed — data may be from last trading day
Quick Take
PCOR is trading at $47.19 with RSI at 51 (neutral territory). Options IV is at 41% — 25% below its 30-day average of 54%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
51
IV Today
41.0%
IV vs 30d Avg
-25%
MACD
bearish
ADX
17
MFI
24
The Setup
PCOR Covered Call
LONG STOCK
100 shares @ $47.19
SHORT CALL
$51 Jun '26 · $2.95/sh
Net Cost
$4,424
Max Profit
+$676
Break-even
$44.24
Projected P&L at Target
+$676
(15.3%)
P&L at Expiry
P&L Scenarios
What happens at different PCOR prices by expiry:
| PCOR Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $38 (-20%) | -$696 | -$669 | -$652 | -$649 |
| $40 (-15%) | -$496 | -$455 | -$422 | -$413 |
| $42 (-10%) | -$312 | -$257 | -$203 | -$177 |
| $45 (-5%) | -$146 | -$77 | -$0 | +$59 |
| $46 (-2%) | -$56 | +$20 | +$110 | +$201 |
| $47 (0%) ← now | -$0 | +$80 | +$177 | +$295 |
| $48 (+2%) | +$52 | +$136 | +$239 | +$389 |
| $50 (+5%) | +$126 | +$213 | +$323 | +$531 |
| $51 (+8%) ← target | +$193 | +$283 | +$397 | +$676 |
| $52 (+10%) | +$232 | +$322 | +$437 | +$676 |
| $54 (+15%) | +$320 | +$409 | +$520 | +$676 |
| $57 (+20%) | +$391 | +$476 | +$576 | +$676 |
Why This Strategy, Why Now
- RSI at 51 — neutral-bullish
- IV -25% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 17 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if PCOR rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.