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RTX Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 73/100
RTX · $201.56 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
Quick Take
RTX is trading at $201.56 with RSI at 58 (neutral territory). Options IV is at 31% — 44% below its 30-day average of 56%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
58
IV Today
31.2%
IV vs 30d Avg
-44%
MACD
bullish
ADX
22
MFI
42
The Setup
RTX Covered Call
LONG STOCK
100 shares @ $201.56
SHORT CALL
$220 Jun '26 · $3.75/sh
Net Cost
$19,781
Max Profit
+$2,219
Break-even
$197.81
Projected P&L at Target
+$2,219
(11.2%)
P&L at Expiry
P&L Scenarios
What happens at different RTX prices by expiry:
| RTX Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $161 (-20%) | -$3,667 | -$3,658 | -$3,656 | -$3,656 |
| $171 (-15%) | -$2,687 | -$2,658 | -$2,648 | -$2,648 |
| $181 (-10%) | -$1,748 | -$1,683 | -$1,645 | -$1,641 |
| $191 (-5%) | -$880 | -$760 | -$662 | -$633 |
| $198 (-2%) | -$406 | -$251 | -$100 | -$28 |
| $202 (0%) ← now | -$115 | +$63 | +$253 | +$375 |
| $206 (+2%) | +$156 | +$355 | +$582 | +$778 |
| $212 (+5%) | +$521 | +$745 | +$1,019 | +$1,383 |
| $220 (+9%) ← target | +$943 | +$1,186 | +$1,492 | +$2,219 |
| $232 (+15%) | +$1,384 | +$1,619 | +$1,898 | +$2,219 |
| $242 (+20%) | +$1,638 | +$1,843 | +$2,060 | +$2,219 |
Why This Strategy, Why Now
- RSI at 58 — neutral-bullish
- IV -44% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 22 — moderate trend
- No squeeze — no imminent breakout
Key Risks
RTX 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 RTX approaches the strike before expiry.