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Why CPRT Is an Excellent Covered Call Candidate Right Now Strong · 90/100
Copart Inc (Industrials) · $30.13 ·
Analysis generated Oct 30, 2026 ·
Data as of market close Oct 30
Quick Take
CPRT is trading at $30.13 with RSI at 64 (neutral territory). Options IV is at 43% — 6% below its 30-day average of 45%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
64
IV Today
42.7%
IV vs 30d Avg
-6%
MACD
bullish
ADX
21
MFI
61
The Setup
CPRT Covered Call
LONG STOCK
100 shares @ $30.13
SHORT CALL
$33 Dec '26 · $0.71/sh
Net Cost
$2,942
Max Profit
+$358
Break-even
$29.42
Projected P&L at Target
+$358
(12.2%)
P&L at Expiry
P&L Scenarios
What happens at different CPRT prices by expiry:
| CPRT Price | Today | Nov 16 | Dec 2 | Dec 18 (exp) |
|---|---|---|---|---|
| $24 (-20%) | -$534 | -$532 | -$532 | -$532 |
| $26 (-15%) | -$387 | -$383 | -$381 | -$381 |
| $27 (-10%) | -$246 | -$236 | -$231 | -$230 |
| $29 (-5%) | -$116 | -$98 | -$84 | -$80 |
| $30 (-2%) | -$44 | -$21 | +$1 | +$11 |
| $30 (0%) ← now | -$0 | +$26 | +$54 | +$71 |
| $31 (+2%) | +$41 | +$70 | +$104 | +$131 |
| $32 (+5%) | +$97 | +$130 | +$171 | +$222 |
| $33 (+10%) ← target | +$167 | +$203 | +$250 | +$358 |
| $35 (+15%) | +$231 | +$266 | +$309 | +$358 |
| $36 (+20%) | +$271 | +$302 | +$335 | +$358 |
Why This Strategy, Why Now
- RSI at 64 — extended, ideal for selling calls
- IV -6% vs avg — premiums near average, acceptable
- MACD bullish — stock has upward momentum
- ADX at 21 — moderate trend
- No squeeze — no imminent breakout
Key Risks
CPRT 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 CPRT approaches the strike before expiry.