← Best Covered Calls
/ AMGN
Why AMGN Is an Excellent Covered Call Candidate Right Now Strong · 78/100
Amgen Inc (Healthcare) · $363.39 ·
Analysis generated Jul 10, 2026 ·
Data as of market close Jul 10
Quick Take
AMGN is trading at $363.39 with RSI at 59 (neutral territory). Options IV is at 30% — 47% below its 30-day average of 57%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
59
IV Today
30.4%
IV vs 30d Avg
-47%
MACD
bullish
ADX
16
MFI
70
The Setup
AMGN Covered Call
LONG STOCK
100 shares @ $363.39
SHORT CALL
$390 Sep '26 · $8.9/sh
Net Cost
$35,449
Max Profit
+$3,551
Break-even
$354.49
Projected P&L at Target
+$3,551
(10.0%)
P&L at Expiry
P&L Scenarios
What happens at different AMGN prices by expiry:
| AMGN Price | Today | Aug 3 | Aug 26 | Sep 18 (exp) |
|---|---|---|---|---|
| $291 (-20%) | -$6,400 | -$6,382 | -$6,378 | -$6,378 |
| $309 (-15%) | -$4,638 | -$4,582 | -$4,562 | -$4,561 |
| $327 (-10%) | -$2,961 | -$2,831 | -$2,754 | -$2,744 |
| $345 (-5%) | -$1,430 | -$1,197 | -$993 | -$927 |
| $356 (-2%) | -$609 | -$310 | -$3 | +$163 |
| $363 (0%) ← now | -$109 | +$230 | +$608 | +$890 |
| $371 (+2%) | +$350 | +$723 | +$1,166 | +$1,617 |
| $382 (+5%) | +$959 | +$1,369 | +$1,882 | +$2,707 |
| $390 (+7%) ← target | +$1,366 | +$1,790 | +$2,327 | +$3,551 |
| $400 (+10%) | +$1,766 | +$2,191 | +$2,722 | +$3,551 |
| $418 (+15%) | +$2,333 | +$2,723 | +$3,167 | +$3,551 |
| $436 (+20%) | +$2,707 | +$3,033 | +$3,355 | +$3,551 |
Why This Strategy, Why Now
- RSI at 59 — neutral-bullish
- IV -47% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 16 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
AMGN 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 AMGN approaches the strike before expiry.