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QLYS Covered Call Analysis: Proceed With Caution Weak · 30/100
QLYS · $76.20 ·
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 QLYS right now
Score 30/100. The technical signals do not support selling covered calls on QLYS at this time.
RSI at 26 — oversold, not ideal for selling calls. IV -40% 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
QLYS is trading at $76.20 with RSI at 26 (oversold territory). Options IV is at 45% — 40% below its 30-day average of 75%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
26
IV Today
44.8%
IV vs 30d Avg
-40%
MACD
bearish
ADX
30
MFI
23
The Setup
QLYS Covered Call
LONG STOCK
100 shares @ $76.2
SHORT CALL
$82 Jun '26 · $5.37/sh
Net Cost
$7,083
Max Profit
+$1,117
Break-even
$70.83
Projected P&L at Target
+$1,117
(15.8%)
P&L at Expiry
P&L Scenarios
What happens at different QLYS prices by expiry:
| QLYS Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $61 (-20%) | -$1,087 | -$1,033 | -$994 | -$987 |
| $65 (-15%) | -$773 | -$696 | -$629 | -$606 |
| $69 (-10%) | -$486 | -$385 | -$282 | -$225 |
| $72 (-5%) | -$227 | -$105 | +$35 | +$156 |
| $75 (-2%) | -$87 | +$46 | +$207 | +$385 |
| $76 (0%) ← now | +$0 | +$140 | +$311 | +$537 |
| $78 (+2%) | +$83 | +$227 | +$408 | +$689 |
| $80 (+5%) | +$198 | +$348 | +$539 | +$918 |
| $82 (+8%) ← target | +$289 | +$442 | +$638 | +$1,117 |
| $84 (+10%) | +$365 | +$520 | +$717 | +$1,117 |
| $88 (+15%) | +$505 | +$658 | +$848 | +$1,117 |
| $91 (+20%) | +$621 | +$767 | +$940 | +$1,117 |
Why This Strategy, Why Now
- RSI at 26 — oversold, not ideal for selling calls
- IV -40% 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.