← Best Covered Calls
/ TYL
TYL Covered Call Analysis: Proceed With Caution Weak · 55/100
TYL · $317.30 ·
Analysis generated Apr 13, 2026 ·
Data as of market close Apr 13
Quick Take
TYL is trading at $317.30 with RSI at 43 (neutral territory). Options IV is at 42% — 58% below its 30-day average of 102%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
43
IV Today
42.3%
IV vs 30d Avg
-58%
MACD
bullish
ADX
18
MFI
49
The Setup
TYL Covered Call
LONG STOCK
100 shares @ $317.3
SHORT CALL
$345 Jun '26 · $17.29/sh
Net Cost
$30,001
Max Profit
+$4,499
Break-even
$300.01
Projected P&L at Target
+$4,499
(15.0%)
P&L at Expiry
P&L Scenarios
What happens at different TYL prices by expiry:
| TYL Price | Today | May 5 | May 27 | Jun 19 (exp) |
|---|---|---|---|---|
| $254 (-20%) | -$4,846 | -$4,706 | -$4,626 | -$4,617 |
| $270 (-15%) | -$3,460 | -$3,235 | -$3,068 | -$3,031 |
| $286 (-10%) | -$2,177 | -$1,857 | -$1,561 | -$1,444 |
| $301 (-5%) | -$1,019 | -$604 | -$157 | +$143 |
| $311 (-2%) | -$391 | +$74 | +$611 | +$1,094 |
| $317 (0%) ← now | +$0 | +$494 | +$1,086 | +$1,729 |
| $324 (+2%) | +$368 | +$887 | +$1,526 | +$2,364 |
| $333 (+5%) | +$877 | +$1,425 | +$2,117 | +$3,316 |
| $345 (+9%) ← target | +$1,438 | +$2,007 | +$2,734 | +$4,499 |
| $349 (+10%) | +$1,612 | +$2,184 | +$2,914 | +$4,499 |
| $365 (+15%) | +$2,215 | +$2,782 | +$3,487 | +$4,499 |
| $381 (+20%) | +$2,700 | +$3,238 | +$3,870 | +$4,499 |
Why This Strategy, Why Now
- RSI at 43
- IV -58% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 18 — range-bound, perfect for selling calls
- TTM Squeeze ON — breakout imminent, risky for capped strategies
Key Risks
TYL 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 TYL 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.