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QUBT Covered Call Analysis: Proceed With Caution Weak · 50/100
QUBT · $7.06 ·
Analysis generated Apr 10, 2026 ·
Data as of market close Apr 10
· Market closed — data may be from last trading day
Quick Take
QUBT is trading at $7.06 with RSI at 46 (neutral territory). Options IV is at 89% — 24% below its 30-day average of 118%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
46
IV Today
89.4%
IV vs 30d Avg
-24%
MACD
bullish
ADX
24
MFI
62
The Setup
QUBT Covered Call
LONG STOCK
100 shares @ $7.06
SHORT CALL
$8 Jun '26 · $0.83/sh
Net Cost
$623
Max Profit
+$127
Break-even
$6.23
Projected P&L at Target
+$127
(20.3%)
P&L at Expiry
P&L Scenarios
What happens at different QUBT prices by expiry:
| QUBT Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $6 (-20%) | -$86 | -$74 | -$63 | -$58 |
| $6 (-15%) | -$61 | -$47 | -$33 | -$23 |
| $6 (-10%) | -$39 | -$23 | -$5 | +$12 |
| $7 (-5%) | -$18 | -$1 | +$21 | +$48 |
| $7 (-2%) | -$7 | +$11 | +$34 | +$69 |
| $7 (0%) ← now | +$0 | +$19 | +$42 | +$83 |
| $7 (+2%) | +$7 | +$26 | +$50 | +$97 |
| $7 (+5%) | +$17 | +$36 | +$61 | +$118 |
| $8 (+6%) ← target | +$20 | +$40 | +$65 | +$127 |
| $8 (+10%) | +$31 | +$51 | +$76 | +$127 |
| $8 (+15%) | +$44 | +$64 | +$88 | +$127 |
| $8 (+20%) | +$55 | +$74 | +$98 | +$127 |
Why This Strategy, Why Now
- RSI at 46
- IV -24% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 24 — moderate trend
- TTM Squeeze ON — breakout imminent, risky for capped strategies
Key Risks
QUBT has bullish momentum (MACD). If a positive catalyst emerges (earnings beat, product launch), the stock could gap past your strike. Consider rolling the call up if QUBT approaches the strike before expiry.
TTM Squeeze is ON — a volatility breakout may be imminent. If the breakout is to the upside, your short call will be tested quickly.