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Why ASML Is an Excellent Covered Call Candidate Right Now Strong · 85/100
ASML Holding N.V. New York Registry Shares (Technology) · $1834.10 ·
Analysis generated Oct 6, 2026 ·
Data as of market close Oct 6
Quick Take
ASML is trading at $1834.10 with RSI at 62 (neutral territory). Options IV is at 44% — 36% below its 30-day average of 68%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
62
IV Today
43.6%
IV vs 30d Avg
-36%
MACD
bullish
ADX
19
MFI
67
The Setup
ASML Covered Call
LONG STOCK
100 shares @ $1834.1
SHORT CALL
$1980 Dec '26 · $88.5/sh
Net Cost
$174,560
Max Profit
+$23,440
Break-even
$1745.60
Projected P&L at Target
+$23,440
(13.4%)
P&L at Expiry
P&L Scenarios
What happens at different ASML prices by expiry:
| ASML Price | Today | Oct 31 | Nov 24 | Dec 18 (exp) |
|---|---|---|---|---|
| $1467 (-20%) | -$29,240 | -$28,377 | -$27,885 | -$27,832 |
| $1559 (-15%) | -$21,285 | -$19,916 | -$18,884 | -$18,662 |
| $1651 (-10%) | -$13,954 | -$12,017 | -$10,202 | -$9,491 |
| $1742 (-5%) | -$7,365 | -$4,877 | -$2,148 | -$321 |
| $1797 (-2%) | -$3,799 | -$1,022 | +$2,232 | +$5,182 |
| $1834 (0%) ← now | -$1,590 | +$1,352 | +$4,918 | +$8,850 |
| $1871 (+2%) | +$486 | +$3,567 | +$7,399 | +$12,518 |
| $1926 (+5%) | +$3,348 | +$6,586 | +$10,710 | +$18,021 |
| $1980 (+8%) ← target | +$5,878 | +$9,207 | +$13,479 | +$23,440 |
| $2018 (+10%) | +$7,468 | +$10,822 | +$15,113 | +$23,440 |
| $2109 (+15%) | +$10,829 | +$14,127 | +$18,209 | +$23,440 |
| $2201 (+20%) | +$13,513 | +$16,620 | +$20,228 | +$23,440 |
Why This Strategy, Why Now
- RSI at 62 — extended, ideal for selling calls
- IV -36% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 19 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
ASML 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 ASML approaches the strike before expiry.