← Best Covered Calls
/ EXC
EXC Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 70/100
Exelon Corporation (Utilities) · $46.16 ·
Analysis generated Oct 30, 2026 ·
Data as of market close Oct 30
Quick Take
EXC is trading at $46.16 with RSI at 75 (overbought territory). Options IV is at 18% — 54% below its 30-day average of 38%. 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)
75
IV Today
17.7%
IV vs 30d Avg
-54%
MACD
bullish
ADX
32
MFI
88
The Setup
EXC Covered Call
LONG STOCK
100 shares @ $46.16
SHORT CALL
$50 Dec '26 · $0.2/sh
Net Cost
$4,596
Max Profit
+$404
Break-even
$45.96
Projected P&L at Target
+$404
(8.8%)
P&L at Expiry
P&L Scenarios
What happens at different EXC prices by expiry:
| EXC Price | Today | Nov 16 | Dec 2 | Dec 18 (exp) |
|---|---|---|---|---|
| $37 (-20%) | -$903 | -$903 | -$903 | -$903 |
| $39 (-15%) | -$672 | -$672 | -$672 | -$672 |
| $42 (-10%) | -$443 | -$442 | -$442 | -$442 |
| $44 (-5%) | -$219 | -$213 | -$211 | -$211 |
| $45 (-2%) | -$92 | -$80 | -$73 | -$72 |
| $46 (0%) ← now | -$13 | +$3 | +$17 | +$20 |
| $47 (+2%) | +$59 | +$81 | +$102 | +$112 |
| $48 (+5%) | +$154 | +$183 | +$217 | +$251 |
| $50 (+8%) ← target | +$235 | +$269 | +$310 | +$404 |
| $51 (+10%) | +$268 | +$301 | +$342 | +$404 |
| $53 (+15%) | +$331 | +$358 | +$385 | +$404 |
| $55 (+20%) | +$360 | +$378 | +$393 | +$404 |
Why This Strategy, Why Now
- RSI at 75 — extended, ideal for selling calls
- IV -54% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 32 — strong trend, stock may run past strike
- No squeeze — no imminent breakout
- MFI at 88 — money flow confirms overbought
Key Risks
EXC 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 EXC approaches the strike before expiry.
ADX at 32 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.