← Best Covered Calls
/ AMD
AMD Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 60/100
Advanced Micro Devices Inc (Technology) · $533.21 ·
Analysis generated Jun 18, 2026 ·
Data as of market close Jun 18
Quick Take
AMD is trading at $533.21 with RSI at 61 (neutral territory). Options IV is at 69% — 26% below its 30-day average of 93%. 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
69.0%
IV vs 30d Avg
-26%
MACD
bearish
ADX
29
MFI
47
The Setup
AMD Covered Call
LONG STOCK
100 shares @ $533.21
SHORT CALL
$580 Aug '26 · $49.9/sh
Net Cost
$48,331
Max Profit
+$9,670
Break-even
$483.31
Projected P&L at Target
+$9,670
(20.0%)
P&L at Expiry
P&L Scenarios
What happens at different AMD prices by expiry:
| AMD Price | Today | Jul 9 | Jul 30 | Aug 21 (exp) |
|---|---|---|---|---|
| $427 (-20%) | -$6,981 | -$6,363 | -$5,838 | -$5,674 |
| $453 (-15%) | -$4,941 | -$4,151 | -$3,375 | -$3,008 |
| $480 (-10%) | -$3,067 | -$2,113 | -$1,069 | -$342 |
| $507 (-5%) | -$1,369 | -$271 | +$1,030 | +$2,324 |
| $523 (-2%) | -$434 | +$736 | +$2,170 | +$3,924 |
| $533 (0%) ← now | +$153 | +$1,366 | +$2,877 | +$4,990 |
| $544 (+2%) | +$713 | +$1,962 | +$3,539 | +$6,056 |
| $560 (+5%) | +$1,503 | +$2,795 | +$4,448 | +$7,656 |
| $580 (+9%) ← target | +$2,412 | +$3,740 | +$5,449 | +$9,669 |
| $587 (+10%) | +$2,688 | +$4,023 | +$5,740 | +$9,669 |
| $613 (+15%) | +$3,718 | +$5,062 | +$6,768 | +$9,669 |
| $640 (+20%) | +$4,607 | +$5,929 | +$7,560 | +$9,669 |
Why This Strategy, Why Now
- RSI at 61 — extended, ideal for selling calls
- IV -26% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 29 — moderate trend
- No squeeze — no imminent breakout
Key Risks
ADX at 29 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.