What should my cover call be on NL

Given your interest in cover calls and your recent activity in NL Industries, here's a concise analysis to help you make an informed decision: 1. **Current Price and Recent Performance**: NL Industries is trading at $6.48 as of August 20, 2024. The stock has experienced a significant increase of 24.38% over the past year. 2. **Technical Indicators**: The stock's Relative Strength Index (RSI) is at 52.42, indicating it is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is at 0.17, and the KDJ indicator is at 56.25, suggesting a potential bullish momentum. 3. **Dividend and Risk Profile**: NL Industries has a history of paying dividends, with recent announcements of dividends of $0.08 and $0.43. However, the company's earnings have declined by 7.4% per year over the past five years, and there are concerns about its dividend stability. 4. **Market Sentiment**: There has been an improvement in investor sentiment, with the stock rising 17%. The stock's 52-week low and high are $4.46 and $8.93, respectively, indicating a significant range of potential movement. 5. **Strategic Considerations**: Given the stock's recent price movement and the company's dividend history, NL Industries could be a suitable candidate for a cover call. If you believe the stock's price will remain above the strike price of your option, you may benefit from the potential profit on the premium of the option. In conclusion, if you are considering a cover call on NL Industries, ensure your analysis aligns with the current market conditions and your risk tolerance.