← Best Covered Calls
/ ADBE
Why ADBE Is an Excellent Covered Call Candidate Right Now Strong · 78/100
Adobe Systems Incorporated (Technology) · $250.41 ·
Analysis generated Jul 31, 2026 ·
Data as of market close Jul 31
Quick Take
ADBE is trading at $250.41 with RSI at 60 (neutral territory). Options IV is at 44% — 39% below its 30-day average of 73%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
60
IV Today
44.4%
IV vs 30d Avg
-39%
MACD
bullish
ADX
18
MFI
58
The Setup
ADBE Covered Call
LONG STOCK
100 shares @ $250.41
SHORT CALL
$270 Sep '26 · $12.2/sh
Net Cost
$23,821
Max Profit
+$3,179
Break-even
$238.21
Projected P&L at Target
+$3,179
(13.3%)
P&L at Expiry
P&L Scenarios
What happens at different ADBE prices by expiry:
| ADBE Price | Today | Aug 17 | Sep 2 | Sep 18 (exp) |
|---|---|---|---|---|
| $200 (-20%) | -$3,873 | -$3,814 | -$3,789 | -$3,788 |
| $213 (-15%) | -$2,725 | -$2,613 | -$2,545 | -$2,536 |
| $225 (-10%) | -$1,657 | -$1,475 | -$1,325 | -$1,284 |
| $238 (-5%) | -$692 | -$436 | -$172 | -$32 |
| $245 (-2%) | -$172 | +$125 | +$461 | +$719 |
| $250 (0%) ← now | +$149 | +$470 | +$851 | +$1,220 |
| $255 (+2%) | +$448 | +$789 | +$1,209 | +$1,721 |
| $263 (+5%) | +$856 | +$1,219 | +$1,681 | +$2,472 |
| $270 (+8%) ← target | +$1,196 | +$1,570 | +$2,051 | +$3,179 |
| $275 (+10%) | +$1,430 | +$1,806 | +$2,287 | +$3,179 |
| $288 (+15%) | +$1,880 | +$2,242 | +$2,682 | +$3,179 |
| $300 (+20%) | +$2,222 | +$2,549 | +$2,912 | +$3,179 |
Why This Strategy, Why Now
- RSI at 60 — neutral-bullish
- IV -39% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 18 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
ADBE 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 ADBE approaches the strike before expiry.