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Why CRWD Is an Excellent Covered Call Candidate Right Now Strong · 95/100
Crowdstrike Holdings Inc (Technology) · $242.49 ·
Analysis generated Sep 15, 2026 ·
Data as of market close Sep 15
Quick Take
CRWD is trading at $242.49 with RSI at 65 (neutral territory). Options IV is at 57% — 15% 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)
65
IV Today
57.2%
IV vs 30d Avg
-15%
MACD
bullish
ADX
18
MFI
63
The Setup
CRWD Covered Call
LONG STOCK
100 shares @ $242.49
SHORT CALL
$260 Nov '26 · $17.2/sh
Net Cost
$22,529
Max Profit
+$3,471
Break-even
$225.29
Projected P&L at Target
+$3,471
(15.4%)
P&L at Expiry
P&L Scenarios
What happens at different CRWD prices by expiry:
| CRWD Price | Today | Oct 7 | Oct 29 | Nov 20 (exp) |
|---|---|---|---|---|
| $194 (-20%) | -$3,570 | -$3,352 | -$3,173 | -$3,130 |
| $206 (-15%) | -$2,609 | -$2,317 | -$2,029 | -$1,917 |
| $218 (-10%) | -$1,732 | -$1,367 | -$956 | -$705 |
| $230 (-5%) | -$943 | -$514 | +$17 | +$508 |
| $238 (-2%) | -$513 | -$53 | +$539 | +$1,235 |
| $242 (0%) ← now | -$245 | +$233 | +$860 | +$1,720 |
| $247 (+2%) | +$9 | +$502 | +$1,157 | +$2,205 |
| $255 (+5%) | +$363 | +$873 | +$1,559 | +$2,932 |
| $260 (+7%) ← target | +$606 | +$1,124 | +$1,822 | +$3,471 |
| $267 (+10%) | +$886 | +$1,409 | +$2,112 | +$3,471 |
| $279 (+15%) | +$1,330 | +$1,849 | +$2,529 | +$3,471 |
| $291 (+20%) | +$1,702 | +$2,202 | +$2,830 | +$3,471 |
Why This Strategy, Why Now
- RSI at 65 — extended, ideal for selling calls
- IV -15% vs avg — premiums near average, acceptable
- MACD bullish — stock has upward momentum
- ADX at 18 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
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.