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QCOM Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 70/100
Qualcomm Incorporated (Technology) · $160.74 ·
Analysis generated Aug 21, 2026 ·
Data as of market close Aug 21
Quick Take
QCOM is trading at $160.74 with RSI at 44 (neutral territory). Options IV is at 48% — 38% 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)
44
IV Today
47.7%
IV vs 30d Avg
-38%
MACD
bullish
ADX
14
MFI
50
The Setup
QCOM Covered Call
LONG STOCK
100 shares @ $160.74
SHORT CALL
$175 Oct '26 · $5.85/sh
Net Cost
$15,489
Max Profit
+$2,011
Break-even
$154.89
Projected P&L at Target
+$2,011
(13.0%)
P&L at Expiry
P&L Scenarios
What happens at different QCOM prices by expiry:
| QCOM Price | Today | Sep 8 | Sep 27 | Oct 16 (exp) |
|---|---|---|---|---|
| $129 (-20%) | -$2,703 | -$2,655 | -$2,632 | -$2,630 |
| $137 (-15%) | -$1,976 | -$1,893 | -$1,835 | -$1,826 |
| $145 (-10%) | -$1,300 | -$1,172 | -$1,057 | -$1,022 |
| $153 (-5%) | -$689 | -$514 | -$323 | -$219 |
| $158 (-2%) | -$356 | -$156 | +$83 | +$264 |
| $161 (0%) ← now | -$150 | +$65 | +$333 | +$585 |
| $164 (+2%) | +$43 | +$271 | +$565 | +$906 |
| $169 (+5%) | +$310 | +$553 | +$876 | +$1,389 |
| $175 (+9%) ← target | +$611 | +$865 | +$1,208 | +$2,011 |
| $177 (+10%) | +$690 | +$945 | +$1,290 | +$2,011 |
| $185 (+15%) | +$997 | +$1,248 | +$1,577 | +$2,011 |
| $193 (+20%) | +$1,238 | +$1,472 | +$1,759 | +$2,011 |
Why This Strategy, Why Now
- RSI at 44
- IV -38% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 14 — range-bound, perfect for selling calls
- 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.