← Best Covered Calls
/ QCOM
Why QCOM Is an Excellent Covered Call Candidate Right Now Strong · 90/100
Qualcomm Incorporated (Technology) · $187.80 ·
Analysis generated Sep 16, 2026 ·
Data as of market close Sep 16
Quick Take
QCOM is trading at $187.80 with RSI at 70 (neutral territory). Options IV is at 55% — 12% below its 30-day average of 62%. While the stock is extended, IV is below average which means premiums aren't as rich. The trade still works but yields less income than usual.
Technical Signals
RSI (14)
70
IV Today
54.8%
IV vs 30d Avg
-12%
MACD
bullish
ADX
22
MFI
69
The Setup
QCOM Covered Call
LONG STOCK
100 shares @ $187.8
SHORT CALL
$205 Nov '26 · $9.44/sh
Net Cost
$17,836
Max Profit
+$2,664
Break-even
$178.36
Projected P&L at Target
+$2,664
(14.9%)
P&L at Expiry
P&L Scenarios
What happens at different QCOM prices by expiry:
| QCOM Price | Today | Oct 7 | Oct 29 | Nov 20 (exp) |
|---|---|---|---|---|
| $150 (-20%) | -$2,925 | -$2,854 | -$2,815 | -$2,812 |
| $160 (-15%) | -$2,091 | -$1,974 | -$1,888 | -$1,873 |
| $169 (-10%) | -$1,318 | -$1,147 | -$987 | -$934 |
| $178 (-5%) | -$618 | -$391 | -$141 | +$5 |
| $184 (-2%) | -$237 | +$19 | +$325 | +$568 |
| $188 (0%) ← now | -$0 | +$274 | +$614 | +$944 |
| $192 (+2%) | +$223 | +$512 | +$882 | +$1,320 |
| $197 (+5%) | +$530 | +$837 | +$1,243 | +$1,883 |
| $205 (+9%) ← target | +$906 | +$1,227 | +$1,658 | +$2,664 |
| $216 (+15%) | +$1,338 | +$1,659 | +$2,077 | +$2,664 |
| $225 (+20%) | +$1,628 | +$1,932 | +$2,306 | +$2,664 |
Why This Strategy, Why Now
- RSI at 70 — extended, ideal for selling calls
- IV -12% vs avg — premiums near average, acceptable
- MACD bullish — stock has upward momentum
- ADX at 22 — moderate trend
- No squeeze — no imminent breakout
Key Risks
QCOM 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 QCOM approaches the strike before expiry.