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PG Covered Call Analysis: Proceed With Caution Weak · 30/100
PG · $145.16 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
This strategy is NOT recommended for PG right now
Score 30/100. The technical signals do not support selling covered calls on PG at this time.
RSI at 34 — oversold, not ideal for selling calls. IV -44% 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
PG is trading at $145.16 with RSI at 34 (oversold territory). Options IV is at 24% — 44% below its 30-day average of 42%. 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
23.5%
IV vs 30d Avg
-44%
MACD
bearish
ADX
30
MFI
15
The Setup
PG Covered Call
LONG STOCK
100 shares @ $145.16
SHORT CALL
$155 Jun '26 · $1.94/sh
Net Cost
$14,322
Max Profit
+$1,178
Break-even
$143.22
Projected P&L at Target
+$1,178
(8.2%)
P&L at Expiry
P&L Scenarios
What happens at different PG prices by expiry:
| PG Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $116 (-20%) | -$2,710 | -$2,709 | -$2,709 | -$2,709 |
| $123 (-15%) | -$1,989 | -$1,984 | -$1,983 | -$1,983 |
| $131 (-10%) | -$1,288 | -$1,267 | -$1,258 | -$1,258 |
| $138 (-5%) | -$632 | -$579 | -$540 | -$532 |
| $142 (-2%) | -$279 | -$199 | -$126 | -$96 |
| $145 (0%) ← now | -$66 | +$31 | +$132 | +$194 |
| $148 (+2%) | +$127 | +$239 | +$366 | +$484 |
| $152 (+5%) | +$377 | +$504 | +$661 | +$920 |
| $155 (+7%) ← target | +$501 | +$632 | +$796 | +$1,178 |
| $160 (+10%) | +$683 | +$813 | +$970 | +$1,178 |
| $167 (+15%) | +$869 | +$979 | +$1,094 | +$1,178 |
| $174 (+20%) | +$970 | +$1,053 | +$1,127 | +$1,178 |
Why This Strategy, Why Now
- RSI at 34 — oversold, not ideal for selling calls
- IV -44% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 30 — moderate trend
- No squeeze — no imminent breakout
Key Risks
ADX at 30 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.