ACN Covered Call Strategy
ACN (Accenture plc), in the Technology sector, (Information Technology Services industry), listed on NYSE.
Accenture plc, a professional services company, provides strategy and consulting, interactive, and technology and operations services worldwide. The company offers application services, including agile transformation, DevOps, application modernization, enterprise architecture, software and quality engineering, data management, intelligent automation comprises robotic process automation, natural language processing, and virtual agents, and liquid application management services, as well as program, project, and service management services; strategy consulting services; critical data elements, data management and governance, data platform and architecture, product-based organization and skills, business adoption, and value realization services; engineering, and research and development digitization; smart connected product design and development; product platform engineering and modernization; product as-a-service enablement; products related to production and operations; autonomous robotics systems; the digital transformation of capital projects; and digital industrial workforce solutions. It also provides data-enabled operating models; technology consulting and artificial intelligence services; services related to talent and organization/human potential; digital commerce; infrastructure services, such as hybrid cloud, network, digital workplace and collaboration, service and experience management, infrastructure as code, and managed edge and IoT devices; cyber defense, applied cybersecurity, managed security, OT security, security strategy and risk, and industry security products; services related to technology innovation; and intelligent automation services. In addition, the company offers cloud, ecosystem, marketing, supply chain management, zero-based budgeting, customer experience, finance consulting, mergers and acquisitions, and sustainability services. Accenture plc was founded in 1951 and is based in Dublin, Ireland.
ACN (Accenture plc) trades in the Technology sector, specifically Information Technology Services, with a market capitalization of approximately $98.25B, a trailing P/E of 12.82, a beta of 1.07 versus the broader market, a 52-week range of 155.82-324, average daily share volume of 6.8M, a public-listing history dating back to 2001, approximately 801K full-time employees. These structural characteristics shape how ACN stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.07 places ACN roughly in line with broader market moves, so the strategy payoff and realized volatility track the index-equivalent baseline. ACN pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.
What is a covered call on ACN?
A covered call pairs long stock with a short out-of-the-money call, collecting premium and capping upside above the short strike in exchange for income.
Current ACN snapshot
As of May 15, 2026, spot at $168.55, ATM IV 48.04%, IV rank 79.10%, expected move 13.77%. The covered call on ACN below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 28-day expiry.
Why this covered call structure on ACN specifically: ACN IV at 48.04% is rich versus its 1-year range, which favors premium-selling structures like a ACN covered call, with a market-implied 1-standard-deviation move of approximately 13.77% (roughly $23.21 on the underlying). The 28-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ACN expiries trade a higher absolute premium for lower per-day decay. Position sizing on ACN should anchor to the underlying notional of $168.55 per share and to the trader's directional view on ACN stock.
ACN covered call setup
The ACN covered call below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ACN near $168.55, the first option leg uses a $175.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ACN chain at a 28-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 ACN shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 100 shares | Stock | $168.55 | long |
| Sell 1 | Call | $175.00 | $5.55 |
ACN covered call risk and reward
- Net Premium / Debit
- -$16,300.00
- Max Profit (per contract)
- $1,200.00
- Max Loss (per contract)
- -$16,299.00
- Breakeven(s)
- $163.00
- Risk / Reward Ratio
- 0.074
Max profit equals short-strike minus cost basis plus premium times 100; max loss is cost basis minus premium (at zero). Breakeven is cost basis minus premium.
ACN covered call payoff curve
Modeled P&L at expiration across a range of underlying prices for the covered call on ACN. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | -$16,299.00 |
| $37.28 | -77.9% | -$12,572.38 |
| $74.54 | -55.8% | -$8,845.75 |
| $111.81 | -33.7% | -$5,119.13 |
| $149.07 | -11.6% | -$1,392.51 |
| $186.34 | +10.6% | +$1,200.00 |
| $223.61 | +32.7% | +$1,200.00 |
| $260.87 | +54.8% | +$1,200.00 |
| $298.14 | +76.9% | +$1,200.00 |
| $335.41 | +99.0% | +$1,200.00 |
When traders use covered call on ACN
Covered calls on ACN are an income strategy run on existing ACN stock positions; traders typically sell calls at 25-35 delta with 30-45 days to expiration to balance premium against upside cap.
ACN thesis for this covered call
The market-implied 1-standard-deviation range for ACN extends from approximately $145.34 on the downside to $191.76 on the upside. A ACN covered call collects premium on an existing long ACN position, trading off upside above the short call strike for immediate income; the short strike selection should reflect the trader's view on whether ACN will breach that level within the expiration window. Current ACN IV rank near 79.10% sits in the upper third of its 1-year distribution, which historically reverts; this raises the bar for premium-buying structures and lowers it for premium-selling structures on ACN at 48.04%. As a Technology name, ACN options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ACN-specific events.
ACN covered call positions are structurally neutral to slightly bullish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. ACN positions also carry Technology sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ACN alongside the broader basket even when ACN-specific fundamentals are unchanged. Short-premium structures like a covered call on ACN carry tail risk when realized volatility exceeds the implied move; review historical ACN earnings reactions and macro stress periods before sizing. Always rebuild the position from current ACN chain quotes before placing a trade.
Frequently asked questions
- What is a covered call on ACN?
- A covered call on ACN is the covered call strategy applied to ACN (stock). The strategy is structurally neutral to slightly bullish: A covered call pairs long stock with a short out-of-the-money call, collecting premium and capping upside above the short strike in exchange for income. With ACN stock trading near $168.55, the strikes shown on this page are snapped to the nearest listed ACN chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are ACN covered call max profit and max loss calculated?
- Max profit equals short-strike minus cost basis plus premium times 100; max loss is cost basis minus premium (at zero). Breakeven is cost basis minus premium. For the ACN covered call priced from the end-of-day chain at a 30-day expiry (ATM IV 48.04%), the computed maximum profit is $1,200.00 per contract and the computed maximum loss is -$16,299.00 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a ACN covered call?
- The breakeven for the ACN covered call priced on this page is roughly $163.00 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current ACN market-implied 1-standard-deviation expected move is approximately 13.77%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a covered call on ACN?
- Covered calls on ACN are an income strategy run on existing ACN stock positions; traders typically sell calls at 25-35 delta with 30-45 days to expiration to balance premium against upside cap.
- How does current ACN implied volatility affect this covered call?
- ACN ATM IV is at 48.04% with IV rank near 79.10%, which is elevated relative to its 1-year range. Premium-selling structures (covered call, cash-secured put, iron condor) generally look more attractive when IV rank is high; premium-buying structures (long call, long put, debit spreads) are more expensive in that regime.