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PEGA Covered Call Analysis: Proceed With Caution Weak · 15/100
PEGA · $39.37 ·
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 PEGA right now
Score 15/100. The technical signals do not support selling covered calls on PEGA at this time.
RSI at 35 — oversold, not ideal for selling calls. IV -32% vs avg — premiums below average, less income. MACD bearish — stock may keep falling (risk). TTM Squeeze ON — breakout imminent, risky for capped strategies.
Check back when conditions improve, or consider a different strategy.
Quick Take
PEGA is trading at $39.37 with RSI at 35 (oversold territory). Options IV is at 54% — 32% below its 30-day average of 80%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
35
IV Today
54.0%
IV vs 30d Avg
-32%
MACD
bearish
ADX
21
MFI
51
The Setup
PEGA Covered Call
LONG STOCK
100 shares @ $39.37
SHORT CALL
$43 Jun '26 · $2.71/sh
Net Cost
$3,666
Max Profit
+$634
Break-even
$36.66
Projected P&L at Target
+$634
(17.3%)
P&L at Expiry
P&L Scenarios
What happens at different PEGA prices by expiry:
| PEGA Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $32 (-20%) | -$569 | -$540 | -$520 | -$516 |
| $33 (-15%) | -$406 | -$366 | -$331 | -$320 |
| $35 (-10%) | -$256 | -$203 | -$150 | -$123 |
| $37 (-5%) | -$120 | -$56 | +$16 | +$74 |
| $39 (-2%) | -$46 | +$24 | +$107 | +$192 |
| $39 (0%) ← now | +$0 | +$74 | +$164 | +$271 |
| $40 (+2%) | +$45 | +$121 | +$216 | +$350 |
| $41 (+5%) | +$106 | +$186 | +$288 | +$468 |
| $43 (+9%) ← target | +$184 | +$267 | +$373 | +$634 |
| $45 (+15%) | +$274 | +$358 | +$463 | +$634 |
| $47 (+20%) | +$338 | +$420 | +$518 | +$634 |
Why This Strategy, Why Now
- RSI at 35 — oversold, not ideal for selling calls
- IV -32% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 21 — moderate trend
- TTM Squeeze ON — breakout imminent, risky for capped strategies
Key Risks
TTM Squeeze is ON — a volatility breakout may be imminent. If the breakout is to the upside, your short call will be tested quickly.