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TENB Covered Call Analysis: Proceed With Caution Weak · 30/100
TENB · $16.04 ·
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 TENB right now
Score 30/100. The technical signals do not support selling covered calls on TENB at this time.
RSI at 32 — oversold, not ideal for selling calls. IV -54% 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
TENB is trading at $16.04 with RSI at 32 (oversold territory). Options IV is at 53% — 54% below its 30-day average of 116%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
32
IV Today
53.4%
IV vs 30d Avg
-54%
MACD
bearish
ADX
29
MFI
35
The Setup
TENB Covered Call
LONG STOCK
100 shares @ $16.04
SHORT CALL
$18 Jun '26 · $1.18/sh
Net Cost
$1,486
Max Profit
+$264
Break-even
$14.86
Projected P&L at Target
+$264
(17.8%)
P&L at Expiry
P&L Scenarios
What happens at different TENB prices by expiry:
| TENB Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $13 (-20%) | -$228 | -$215 | -$205 | -$203 |
| $14 (-15%) | -$163 | -$145 | -$129 | -$123 |
| $14 (-10%) | -$102 | -$79 | -$55 | -$42 |
| $15 (-5%) | -$48 | -$20 | +$11 | +$38 |
| $16 (-2%) | -$18 | +$12 | +$48 | +$86 |
| $16 (0%) ← now | +$0 | +$32 | +$70 | +$118 |
| $16 (+2%) | +$18 | +$50 | +$91 | +$150 |
| $17 (+5%) | +$42 | +$76 | +$120 | +$198 |
| $18 (+9%) ← target | +$73 | +$108 | +$153 | +$264 |
| $18 (+15%) | +$111 | +$146 | +$191 | +$264 |
| $19 (+20%) | +$137 | +$171 | +$214 | +$264 |
Why This Strategy, Why Now
- RSI at 32 — oversold, not ideal for selling calls
- IV -54% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 29 — moderate trend
- No squeeze — no imminent breakout
Key Risks
ADX at 29 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.