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Why AAPL Is an Excellent Covered Call Candidate Right Now Strong · 85/100
Apple Inc. (Technology) · $315.32 ·
Analysis generated Jul 10, 2026 ·
Data as of market close Jul 10
Quick Take
AAPL is trading at $315.32 with RSI at 64 (neutral territory). Options IV is at 25% — 46% below its 30-day average of 46%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
64
IV Today
24.8%
IV vs 30d Avg
-46%
MACD
bullish
ADX
23
MFI
74
The Setup
AAPL Covered Call
LONG STOCK
100 shares @ $315.32
SHORT CALL
$340 Sep '26 · $6.2/sh
Net Cost
$30,912
Max Profit
+$3,088
Break-even
$309.12
Projected P&L at Target
+$3,088
(10.0%)
P&L at Expiry
P&L Scenarios
What happens at different AAPL prices by expiry:
| AAPL Price | Today | Aug 3 | Aug 26 | Sep 18 (exp) |
|---|---|---|---|---|
| $252 (-20%) | -$5,695 | -$5,687 | -$5,686 | -$5,686 |
| $268 (-15%) | -$4,148 | -$4,119 | -$4,110 | -$4,110 |
| $284 (-10%) | -$2,658 | -$2,577 | -$2,536 | -$2,533 |
| $300 (-5%) | -$1,282 | -$1,119 | -$989 | -$957 |
| $309 (-2%) | -$538 | -$317 | -$104 | -$11 |
| $315 (0%) ← now | -$84 | +$173 | +$448 | +$620 |
| $322 (+2%) | +$333 | +$623 | +$958 | +$1,251 |
| $331 (+5%) | +$884 | +$1,212 | +$1,616 | +$2,197 |
| $340 (+8%) ← target | +$1,323 | +$1,667 | +$2,102 | +$3,088 |
| $347 (+10%) | +$1,607 | +$1,953 | +$2,385 | +$3,088 |
| $363 (+15%) | +$2,104 | +$2,420 | +$2,779 | +$3,088 |
| $378 (+20%) | +$2,419 | +$2,679 | +$2,932 | +$3,088 |
Why This Strategy, Why Now
- RSI at 64 — extended, ideal for selling calls
- IV -46% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 23 — moderate trend
- No squeeze — no imminent breakout
- MFI at 74 — money flow confirms overbought
Key Risks
AAPL 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 AAPL approaches the strike before expiry.