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TTAN Covered Call Analysis: Proceed With Caution Weak · 30/100
TTAN · $55.29 ·
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 TTAN right now
Score 30/100. The technical signals do not support selling covered calls on TTAN at this time.
RSI at 28 — oversold, not ideal for selling calls. IV -26% 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
TTAN is trading at $55.29 with RSI at 28 (oversold territory). Options IV is at 56% — 26% below its 30-day average of 76%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
28
IV Today
56.2%
IV vs 30d Avg
-26%
MACD
bearish
ADX
20
MFI
38
The Setup
TTAN Covered Call
LONG STOCK
100 shares @ $55.29
SHORT CALL
$60 Jun '26 · $5.15/sh
Net Cost
$5,014
Max Profit
+$986
Break-even
$50.14
Projected P&L at Target
+$986
(19.7%)
P&L at Expiry
P&L Scenarios
What happens at different TTAN prices by expiry:
| TTAN Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $44 (-20%) | -$697 | -$644 | -$602 | -$591 |
| $47 (-15%) | -$478 | -$407 | -$341 | -$314 |
| $50 (-10%) | -$277 | -$190 | -$96 | -$38 |
| $53 (-5%) | -$96 | +$7 | +$128 | +$239 |
| $54 (-2%) | +$3 | +$114 | +$248 | +$404 |
| $55 (0%) ← now | +$65 | +$181 | +$323 | +$515 |
| $56 (+2%) | +$125 | +$244 | +$394 | +$626 |
| $58 (+5%) | +$207 | +$331 | +$488 | +$791 |
| $60 (+9%) ← target | +$296 | +$423 | +$586 | +$986 |
| $61 (+10%) | +$331 | +$459 | +$622 | +$986 |
| $64 (+15%) | +$437 | +$565 | +$726 | +$986 |
| $66 (+20%) | +$527 | +$652 | +$804 | +$986 |
Why This Strategy, Why Now
- RSI at 28 — oversold, not ideal for selling calls
- IV -26% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 20 — moderate trend
- No squeeze — no imminent breakout
Key Risks
The main risk is missing upside if TTAN rallies sharply. The premium received ($X per share) provides a buffer, but gains above the strike are forfeited.