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Why INTU Is an Excellent Covered Call Candidate Right Now Strong · 80/100
Intuit Inc (Technology) · $341.09 ·
Analysis generated Oct 30, 2026 ·
Data as of market close Oct 30
Quick Take
INTU is trading at $341.09 with RSI at 62 (neutral territory). Options IV is at 48% — 41% below its 30-day average of 81%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
62
IV Today
47.8%
IV vs 30d Avg
-41%
MACD
bullish
ADX
27
MFI
51
The Setup
INTU Covered Call
LONG STOCK
100 shares @ $341.09
SHORT CALL
$370 Dec '26 · $17.0/sh
Net Cost
$32,409
Max Profit
+$4,591
Break-even
$324.09
Projected P&L at Target
+$4,591
(14.2%)
P&L at Expiry
P&L Scenarios
What happens at different INTU prices by expiry:
| INTU Price | Today | Nov 16 | Dec 2 | Dec 18 (exp) |
|---|---|---|---|---|
| $273 (-20%) | -$5,261 | -$5,167 | -$5,125 | -$5,122 |
| $290 (-15%) | -$3,711 | -$3,540 | -$3,431 | -$3,416 |
| $307 (-10%) | -$2,268 | -$2,001 | -$1,776 | -$1,711 |
| $324 (-5%) | -$962 | -$593 | -$211 | -$5 |
| $334 (-2%) | -$255 | +$170 | +$652 | +$1,018 |
| $341 (0%) ← now | +$183 | +$641 | +$1,184 | +$1,700 |
| $348 (+2%) | +$593 | +$1,079 | +$1,676 | +$2,382 |
| $358 (+5%) | +$1,155 | +$1,674 | +$2,332 | +$3,405 |
| $370 (+8%) ← target | +$1,730 | +$2,269 | +$2,962 | +$4,591 |
| $375 (+10%) | +$1,957 | +$2,498 | +$3,193 | +$4,591 |
| $392 (+15%) | +$2,596 | +$3,124 | +$3,777 | +$4,591 |
| $409 (+20%) | +$3,092 | +$3,579 | +$4,136 | +$4,591 |
Why This Strategy, Why Now
- RSI at 62 — extended, ideal for selling calls
- IV -41% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 27 — moderate trend
- No squeeze — no imminent breakout
Key Risks
INTU 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 INTU 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.