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FAST Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 63/100
Fastenal Company (Industrials) · $51.91 ·
Analysis generated Oct 30, 2026 ·
Data as of market close Oct 30
Quick Take
FAST is trading at $51.91 with RSI at 55 (neutral territory). Options IV is at 22% — 49% below its 30-day average of 44%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
55
IV Today
22.5%
IV vs 30d Avg
-49%
MACD
bullish
ADX
12
MFI
47
The Setup
FAST Covered Call
LONG STOCK
100 shares @ $51.91
SHORT CALL
$56 Dec '26 · $0.74/sh
Net Cost
$5,117
Max Profit
+$483
Break-even
$51.17
Projected P&L at Target
+$483
(9.4%)
P&L at Expiry
P&L Scenarios
What happens at different FAST prices by expiry:
| FAST Price | Today | Nov 16 | Dec 2 | Dec 18 (exp) |
|---|---|---|---|---|
| $42 (-20%) | -$964 | -$964 | -$964 | -$964 |
| $44 (-15%) | -$706 | -$705 | -$705 | -$705 |
| $47 (-10%) | -$452 | -$447 | -$445 | -$445 |
| $49 (-5%) | -$213 | -$197 | -$187 | -$186 |
| $51 (-2%) | -$81 | -$57 | -$36 | -$30 |
| $52 (0%) ← now | +$0 | +$30 | +$60 | +$74 |
| $53 (+2%) | +$74 | +$110 | +$150 | +$178 |
| $55 (+5%) | +$171 | +$214 | +$266 | +$334 |
| $56 (+8%) ← target | +$247 | +$293 | +$351 | +$483 |
| $57 (+10%) | +$293 | +$339 | +$396 | +$483 |
| $60 (+15%) | +$371 | +$410 | +$452 | +$483 |
| $62 (+20%) | +$414 | +$443 | +$468 | +$483 |
Why This Strategy, Why Now
- RSI at 55 — neutral-bullish
- IV -49% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 12 — range-bound, perfect for selling calls
- TTM Squeeze ON — breakout imminent, risky for capped strategies
Key Risks
FAST 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 FAST approaches the strike before expiry.
TTM Squeeze is ON — a volatility breakout may be imminent. If the breakout is to the upside, your short call will be tested quickly.