← Best Covered Calls
/ VRTX
VRTX Covered Call Strategy: Is Now a Good Time to Sell Calls? Moderate · 63/100
Vertex Pharmaceuticals Inc (Healthcare) · $454.27 ·
Analysis generated Jun 18, 2026 ·
Data as of market close Jun 18
Quick Take
VRTX is trading at $454.26 with RSI at 56 (neutral territory). Options IV is at 30% — 62% below its 30-day average of 78%. 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
29.5%
IV vs 30d Avg
-62%
MACD
bullish
ADX
16
MFI
61
The Setup
VRTX Covered Call
LONG STOCK
100 shares @ $454.26
SHORT CALL
$490 Aug '26 · $12.2/sh
Net Cost
$44,207
Max Profit
+$4,794
Break-even
$442.06
Projected P&L at Target
+$4,794
(10.8%)
P&L at Expiry
P&L Scenarios
What happens at different VRTX prices by expiry:
| VRTX Price | Today | Jul 9 | Jul 30 | Aug 21 (exp) |
|---|---|---|---|---|
| $363 (-20%) | -$7,903 | -$7,872 | -$7,865 | -$7,865 |
| $386 (-15%) | -$5,714 | -$5,630 | -$5,596 | -$5,594 |
| $409 (-10%) | -$3,635 | -$3,456 | -$3,341 | -$3,323 |
| $432 (-5%) | -$1,735 | -$1,428 | -$1,153 | -$1,051 |
| $445 (-2%) | -$713 | -$326 | +$75 | +$311 |
| $454 (0%) ← now | -$87 | +$349 | +$835 | +$1,220 |
| $463 (+2%) | +$492 | +$970 | +$1,534 | +$2,129 |
| $477 (+5%) | +$1,266 | +$1,790 | +$2,443 | +$3,491 |
| $490 (+8%) ← target | +$1,902 | +$2,449 | +$3,142 | +$4,794 |
| $500 (+10%) | +$2,311 | +$2,861 | +$3,551 | +$4,794 |
| $522 (+15%) | +$3,071 | +$3,586 | +$4,187 | +$4,794 |
| $545 (+20%) | +$3,592 | +$4,034 | +$4,488 | +$4,794 |
Why This Strategy, Why Now
- RSI at 56 — neutral-bullish
- IV -62% vs avg — premiums below average, less income
- MACD bullish — stock has upward momentum
- ADX at 16 — range-bound, perfect for selling calls
- TTM Squeeze ON — breakout imminent, risky for capped strategies
Key Risks
VRTX 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 VRTX 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.