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TMUS Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 63/100
T-Mobile US Inc (Communication Services) · $181.22 ·
Analysis generated Aug 21, 2026 ·
Data as of market close Aug 21
Quick Take
TMUS is trading at $181.22 with RSI at 51 (neutral territory). Options IV is at 27% — 54% below its 30-day average of 60%. 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
27.4%
IV vs 30d Avg
-54%
MACD
bullish
ADX
15
MFI
49
The Setup
TMUS Covered Call
LONG STOCK
100 shares @ $181.22
SHORT CALL
$195 Oct '26 · $3.57/sh
Net Cost
$17,765
Max Profit
+$1,735
Break-even
$177.65
Projected P&L at Target
+$1,735
(9.8%)
P&L at Expiry
P&L Scenarios
What happens at different TMUS prices by expiry:
| TMUS Price | Today | Sep 8 | Sep 27 | Oct 16 (exp) |
|---|---|---|---|---|
| $145 (-20%) | -$3,272 | -$3,268 | -$3,267 | -$3,267 |
| $154 (-15%) | -$2,381 | -$2,366 | -$2,361 | -$2,361 |
| $163 (-10%) | -$1,523 | -$1,481 | -$1,457 | -$1,455 |
| $172 (-5%) | -$730 | -$642 | -$568 | -$549 |
| $178 (-2%) | -$301 | -$182 | -$60 | -$5 |
| $181 (0%) ← now | -$40 | +$99 | +$256 | +$357 |
| $185 (+2%) | +$200 | +$356 | +$546 | +$719 |
| $190 (+5%) | +$518 | +$692 | +$921 | +$1,263 |
| $195 (+8%) ← target | +$751 | +$933 | +$1,177 | +$1,735 |
| $199 (+10%) | +$932 | +$1,114 | +$1,355 | +$1,735 |
| $208 (+15%) | +$1,214 | +$1,379 | +$1,574 | +$1,735 |
| $217 (+20%) | +$1,392 | +$1,524 | +$1,658 | +$1,735 |
Why This Strategy, Why Now
- RSI at 51 — neutral-bullish
- IV -54% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 15 — range-bound, perfect for selling calls
- TTM Squeeze ON — breakout imminent, risky for capped strategies
Key Risks
TMUS 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 TMUS approaches the strike before expiry.
TTM Squeeze is ON — a volatility breakout may be imminent. If the breakout is to the upside, your short call will be tested quickly.