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IDXX Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 73/100
IDEXX Laboratories Inc (Healthcare) · $551.21 ·
Analysis generated Oct 30, 2026 ·
Data as of market close Oct 30
Quick Take
IDXX is trading at $551.21 with RSI at 50 (neutral territory). Options IV is at 30% — 73% below its 30-day average of 112%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
50
IV Today
30.5%
IV vs 30d Avg
-73%
MACD
bullish
ADX
26
MFI
49
The Setup
IDXX Covered Call
LONG STOCK
100 shares @ $551.21
SHORT CALL
$600 Dec '26 · $13.28/sh
Net Cost
$53,793
Max Profit
+$6,207
Break-even
$537.93
Projected P&L at Target
+$6,207
(11.5%)
P&L at Expiry
P&L Scenarios
What happens at different IDXX prices by expiry:
| IDXX Price | Today | Nov 16 | Dec 2 | Dec 18 (exp) |
|---|---|---|---|---|
| $441 (-20%) | -$9,725 | -$9,701 | -$9,696 | -$9,696 |
| $469 (-15%) | -$7,040 | -$6,966 | -$6,941 | -$6,940 |
| $496 (-10%) | -$4,465 | -$4,292 | -$4,194 | -$4,184 |
| $524 (-5%) | -$2,085 | -$1,765 | -$1,501 | -$1,428 |
| $540 (-2%) | -$788 | -$370 | +$39 | +$226 |
| $551 (0%) ← now | +$11 | +$490 | +$1,006 | +$1,328 |
| $562 (+2%) | +$752 | +$1,288 | +$1,905 | +$2,430 |
| $579 (+5%) | +$1,752 | +$2,353 | +$3,097 | +$4,084 |
| $600 (+9%) ← target | +$2,833 | +$3,476 | +$4,299 | +$6,207 |
| $606 (+10%) | +$3,111 | +$3,757 | +$4,582 | +$6,207 |
| $634 (+15%) | +$4,107 | +$4,719 | +$5,449 | +$6,207 |
| $661 (+20%) | +$4,792 | +$5,315 | +$5,861 | +$6,207 |
Why This Strategy, Why Now
- RSI at 50 — neutral-bullish
- IV -73% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 26 — moderate trend
- No squeeze — no imminent breakout
Key Risks
IDXX 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 IDXX approaches the strike before expiry.
ADX at 26 indicates a moderately strong trend. In trending markets, covered calls cap your upside too early. Use a higher strike to leave more room.