← Best Covered Calls
/ SPCX
Why SPCX Is an Excellent Covered Call Candidate Right Now Strong · 78/100
Space Exploration Technologies Corp. Class A Common Stock (Industrials) · $143.49 ·
Analysis generated Sep 15, 2026 ·
Data as of market close Sep 15
Quick Take
SPCX is trading at $143.49 with RSI at 51 (neutral territory). Options IV is at 49% — 30% below its 30-day average of 71%. Neither RSI nor IV strongly favor selling calls right now. Consider waiting for better conditions or using a different strategy.
Technical Signals
RSI (14)
51
IV Today
49.4%
IV vs 30d Avg
-30%
MACD
bullish
ADX
22
MFI
72
The Setup
SPCX Covered Call
LONG STOCK
100 shares @ $143.49
SHORT CALL
$155 Nov '26 · $9.6/sh
Net Cost
$13,389
Max Profit
+$2,111
Break-even
$133.89
Projected P&L at Target
+$2,111
(15.8%)
P&L at Expiry
P&L Scenarios
What happens at different SPCX prices by expiry:
| SPCX Price | Today | Oct 7 | Oct 29 | Nov 20 (exp) |
|---|---|---|---|---|
| $115 (-20%) | -$2,034 | -$1,962 | -$1,916 | -$1,910 |
| $122 (-15%) | -$1,417 | -$1,306 | -$1,214 | -$1,192 |
| $129 (-10%) | -$850 | -$695 | -$540 | -$475 |
| $136 (-5%) | -$338 | -$143 | +$84 | +$243 |
| $141 (-2%) | -$62 | +$155 | +$422 | +$673 |
| $143 (0%) ← now | +$110 | +$339 | +$630 | +$960 |
| $146 (+2%) | +$272 | +$511 | +$822 | +$1,247 |
| $151 (+5%) | +$495 | +$746 | +$1,080 | +$1,677 |
| $155 (+8%) ← target | +$698 | +$955 | +$1,301 | +$2,111 |
| $158 (+10%) | +$819 | +$1,078 | +$1,425 | +$2,111 |
| $165 (+15%) | +$1,084 | +$1,340 | +$1,672 | +$2,111 |
| $172 (+20%) | +$1,299 | +$1,541 | +$1,838 | +$2,111 |
Why This Strategy, Why Now
- RSI at 51 — neutral-bullish
- IV -30% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 22 — moderate trend
- No squeeze — no imminent breakout
- MFI at 72 — money flow confirms overbought
Key Risks
SPCX 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 SPCX approaches the strike before expiry.