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Why ADSK Is an Excellent Covered Call Candidate Right Now Strong · 80/100
Autodesk Inc (Technology) · $249.61 ·
Analysis generated Oct 30, 2026 ·
Data as of market close Oct 30
Quick Take
ADSK is trading at $249.61 with RSI at 61 (neutral territory). Options IV is at 45% — 53% below its 30-day average of 95%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
61
IV Today
44.9%
IV vs 30d Avg
-53%
MACD
bullish
ADX
28
MFI
50
The Setup
ADSK Covered Call
LONG STOCK
100 shares @ $249.61
SHORT CALL
$270 Dec '26 · $10.15/sh
Net Cost
$23,946
Max Profit
+$3,054
Break-even
$239.46
Projected P&L at Target
+$3,054
(12.8%)
P&L at Expiry
P&L Scenarios
What happens at different ADSK prices by expiry:
| ADSK Price | Today | Nov 16 | Dec 2 | Dec 18 (exp) |
|---|---|---|---|---|
| $200 (-20%) | -$4,026 | -$3,989 | -$3,977 | -$3,977 |
| $212 (-15%) | -$2,852 | -$2,774 | -$2,733 | -$2,729 |
| $225 (-10%) | -$1,750 | -$1,608 | -$1,503 | -$1,481 |
| $237 (-5%) | -$748 | -$533 | -$324 | -$233 |
| $245 (-2%) | -$207 | +$51 | +$332 | +$516 |
| $250 (0%) ← now | +$126 | +$409 | +$737 | +$1,015 |
| $255 (+2%) | +$436 | +$741 | +$1,110 | +$1,514 |
| $262 (+5%) | +$857 | +$1,186 | +$1,602 | +$2,263 |
| $270 (+8%) ← target | +$1,244 | +$1,587 | +$2,026 | +$3,054 |
| $275 (+10%) | +$1,442 | +$1,786 | +$2,226 | +$3,054 |
| $287 (+15%) | +$1,891 | +$2,220 | +$2,618 | +$3,054 |
| $300 (+20%) | +$2,222 | +$2,514 | +$2,832 | +$3,054 |
Why This Strategy, Why Now
- RSI at 61 — extended, ideal for selling calls
- IV -53% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 28 — moderate trend
- No squeeze — no imminent breakout
Key Risks
ADSK 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 ADSK approaches the strike before expiry.
ADX at 28 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.