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Why LIN Is an Excellent Covered Call Candidate Right Now Strong · 78/100
Linde plc Ordinary Shares (Basic Materials) · $514.99 ·
Analysis generated Jun 18, 2026 ·
Data as of market close Jun 18
Quick Take
LIN is trading at $514.99 with RSI at 56 (neutral territory). Options IV is at 22% — 36% below its 30-day average of 35%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
56
IV Today
22.0%
IV vs 30d Avg
-36%
MACD
bullish
ADX
13
MFI
58
The Setup
LIN Covered Call
LONG STOCK
100 shares @ $514.99
SHORT CALL
$560 Aug '26 · $6.86/sh
Net Cost
$50,813
Max Profit
+$5,187
Break-even
$508.13
Projected P&L at Target
+$5,187
(10.2%)
P&L at Expiry
P&L Scenarios
What happens at different LIN prices by expiry:
| LIN Price | Today | Jul 9 | Jul 30 | Aug 21 (exp) |
|---|---|---|---|---|
| $412 (-20%) | -$9,616 | -$9,614 | -$9,614 | -$9,614 |
| $438 (-15%) | -$7,053 | -$7,041 | -$7,039 | -$7,039 |
| $463 (-10%) | -$4,533 | -$4,482 | -$4,465 | -$4,464 |
| $489 (-5%) | -$2,138 | -$1,991 | -$1,901 | -$1,889 |
| $505 (-2%) | -$815 | -$584 | -$396 | -$344 |
| $515 (0%) ← now | -$0 | +$293 | +$568 | +$686 |
| $525 (+2%) | +$751 | +$1,103 | +$1,475 | +$1,716 |
| $541 (+5%) | +$1,744 | +$2,169 | +$2,676 | +$3,261 |
| $560 (+9%) ← target | +$2,741 | +$3,214 | +$3,805 | +$5,187 |
| $566 (+10%) | +$3,018 | +$3,493 | +$4,085 | +$5,187 |
| $592 (+15%) | +$3,844 | +$4,275 | +$4,757 | +$5,187 |
| $618 (+20%) | +$4,319 | +$4,658 | +$4,977 | +$5,187 |
Why This Strategy, Why Now
- RSI at 56 — neutral-bullish
- IV -36% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 13 — range-bound, perfect for selling calls
- No squeeze — no imminent breakout
Key Risks
LIN 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 LIN approaches the strike before expiry.