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CRWD Covered Call Analysis: Proceed With Caution Weak · 30/100
Crowdstrike Holdings Inc (Technology) · $183.28 ·
Analysis generated Jul 24, 2026 ·
Data as of market close Jul 24
· Market closed — data may be from last trading day
This strategy is NOT recommended for CRWD right now
Score 30/100. The technical signals do not support selling covered calls on CRWD at this time.
IV -30% vs avg — premiums below average, less income. MACD bearish — stock may keep falling (risk). ADX at 34 — strong trend, stock may run past strike.
Check back when conditions improve, or consider a different strategy.
Quick Take
CRWD is trading at $183.28 with RSI at 47 (neutral territory). Options IV is at 60% — 30% below its 30-day average of 85%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
47
IV Today
59.6%
IV vs 30d Avg
-30%
MACD
bearish
ADX
34
MFI
36
The Setup
CRWD Covered Call
LONG STOCK
100 shares @ $183.28
SHORT CALL
$200 Sep '26 · $12.07/sh
Net Cost
$17,121
Max Profit
+$2,879
Break-even
$171.21
Projected P&L at Target
+$2,879
(16.8%)
P&L at Expiry
P&L Scenarios
What happens at different CRWD prices by expiry:
| CRWD Price | Today | Aug 13 | Aug 31 | Sep 18 (exp) |
|---|---|---|---|---|
| $147 (-20%) | -$2,669 | -$2,550 | -$2,471 | -$2,459 |
| $156 (-15%) | -$1,898 | -$1,725 | -$1,581 | -$1,542 |
| $165 (-10%) | -$1,188 | -$957 | -$729 | -$626 |
| $174 (-5%) | -$545 | -$260 | +$60 | +$291 |
| $180 (-2%) | -$194 | +$119 | +$491 | +$840 |
| $183 (0%) ← now | +$26 | +$355 | +$758 | +$1,207 |
| $187 (+2%) | +$234 | +$578 | +$1,007 | +$1,574 |
| $192 (+5%) | +$523 | +$884 | +$1,344 | +$2,123 |
| $200 (+9%) ← target | +$880 | +$1,254 | +$1,737 | +$2,879 |
| $211 (+15%) | +$1,309 | +$1,684 | +$2,160 | +$2,879 |
| $220 (+20%) | +$1,608 | +$1,970 | +$2,408 | +$2,879 |
Why This Strategy, Why Now
- RSI at 47
- IV -30% vs avg — premiums below average, less income
- MACD bearish — stock may keep falling (risk)
- ADX at 34 — strong trend, stock may run past strike
- No squeeze — no imminent breakout
Key Risks
ADX at 34 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.