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KLAC Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 65/100
KLA Corporation (Technology) · $168.02 ·
Analysis generated Sep 16, 2026 ·
Data as of market close Sep 16
Quick Take
KLAC is trading at $168.02 with RSI at 37 (oversold territory). Options IV is at 67% — 14% below its 30-day average of 77%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
37
IV Today
66.6%
IV vs 30d Avg
-14%
MACD
bullish
ADX
19
MFI
43
The Setup
KLAC Covered Call
LONG STOCK
100 shares @ $168.02
SHORT CALL
$180 Nov '26 · $13.55/sh
Net Cost
$15,447
Max Profit
+$2,553
Break-even
$154.47
Projected P&L at Target
+$2,553
(16.5%)
P&L at Expiry
P&L Scenarios
What happens at different KLAC prices by expiry:
| KLAC Price | Today | Oct 7 | Oct 29 | Nov 20 (exp) |
|---|---|---|---|---|
| $134 (-20%) | -$2,341 | -$2,179 | -$2,041 | -$2,005 |
| $143 (-15%) | -$1,685 | -$1,470 | -$1,255 | -$1,165 |
| $151 (-10%) | -$1,085 | -$820 | -$519 | -$325 |
| $160 (-5%) | -$546 | -$237 | +$147 | +$515 |
| $165 (-2%) | -$252 | +$78 | +$504 | +$1,019 |
| $168 (0%) ← now | -$68 | +$274 | +$724 | +$1,355 |
| $171 (+2%) | +$106 | +$459 | +$927 | +$1,691 |
| $176 (+5%) | +$350 | +$714 | +$1,203 | +$2,195 |
| $180 (+7%) ← target | +$510 | +$879 | +$1,377 | +$2,553 |
| $185 (+10%) | +$710 | +$1,083 | +$1,583 | +$2,553 |
| $193 (+15%) | +$1,017 | +$1,387 | +$1,873 | +$2,553 |
| $202 (+20%) | +$1,276 | +$1,634 | +$2,084 | +$2,553 |
Why This Strategy, Why Now
- RSI at 37 — oversold, not ideal for selling calls
- IV -14% vs avg — premiums near average, acceptable
- MACD bullish — stock has upward momentum
- ADX at 19 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
KLAC 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 KLAC approaches the strike before expiry.