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Why CRWD Is an Excellent Covered Call Candidate Right Now Strong · 95/100
Crowdstrike Holdings Inc (Technology) · $278.86 ·
Analysis generated Oct 6, 2026 ·
Data as of market close Oct 6
Quick Take
CRWD is trading at $278.86 with RSI at 72 (overbought territory). Options IV is at 58% — 14% below its 30-day average of 68%. While the stock is extended, IV is below average which means premiums aren't as rich. The trade still works but yields less income than usual.
Technical Signals
RSI (14)
72
IV Today
58.1%
IV vs 30d Avg
-14%
MACD
bullish
ADX
27
MFI
75
The Setup
CRWD Covered Call
LONG STOCK
100 shares @ $278.86
SHORT CALL
$300 Dec '26 · $21.05/sh
Net Cost
$25,781
Max Profit
+$4,219
Break-even
$257.81
Projected P&L at Target
+$4,219
(16.4%)
P&L at Expiry
P&L Scenarios
What happens at different CRWD prices by expiry:
| CRWD Price | Today | Oct 31 | Nov 24 | Dec 18 (exp) |
|---|---|---|---|---|
| $223 (-20%) | -$3,937 | -$3,694 | -$3,511 | -$3,472 |
| $237 (-15%) | -$2,820 | -$2,489 | -$2,186 | -$2,078 |
| $251 (-10%) | -$1,798 | -$1,379 | -$936 | -$684 |
| $265 (-5%) | -$878 | -$380 | +$201 | +$711 |
| $273 (-2%) | -$378 | +$159 | +$814 | +$1,547 |
| $279 (0%) ← now | -$65 | +$494 | +$1,191 | +$2,105 |
| $284 (+2%) | +$231 | +$808 | +$1,540 | +$2,663 |
| $293 (+5%) | +$643 | +$1,242 | +$2,011 | +$3,499 |
| $300 (+8%) ← target | +$969 | +$1,579 | +$2,367 | +$4,219 |
| $307 (+10%) | +$1,251 | +$1,867 | +$2,659 | +$4,219 |
| $321 (+15%) | +$1,765 | +$2,377 | +$3,145 | +$4,219 |
| $335 (+20%) | +$2,195 | +$2,785 | +$3,493 | +$4,219 |
Why This Strategy, Why Now
- RSI at 72 — extended, ideal for selling calls
- IV -14% vs avg — premiums near average, acceptable
- MACD bullish — stock has upward momentum
- ADX at 27 — moderate trend
- No squeeze — no imminent breakout
- MFI at 75 — money flow confirms overbought
Key Risks
CRWD 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 CRWD approaches the strike before expiry.
ADX at 27 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.