Northrop Grumman Corp

NOCNYSE · USD
530.78USD0.00 (-0.09%)
877

Northrop Grumman Corp (NOC) Covered Calls

As of September 16, 2026, NOC has 224 covered call opportunities in the coming three months. Return ranges from 1.5 to 110.8% until expiration. Annualized return ranges from 9.0 to 890.9%. The nearest expiration is September 18, 2026. Maximum potential profit is $58,885.

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Running NOC covered calls helps you generate consistent income from Northrop Grumman Corp's shares you already own, turning a long stock position into a yield-producing asset. A covered call on Northrop Grumman Corp involves holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike price. Use our scanner to find the best NOC covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.

A covered call is one of the most widely used options strategies because it pairs limited risk with a clear income profile: if NOC stays below the strike at expiration, you keep the premium and the shares; if it rises above, you deliver the stock at the strike and still pocket the premium. Selling NOC covered calls works best when implied volatility is elevated, since richer premiums improve the risk-reward. Key inputs to evaluate include strike selection relative to delta, days to expiration, annualized return, and the probability of assignment — all of which determine whether a given Northrop Grumman Corp covered call is worth writing.

Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems. Its Defense Systems segment designs, develops, and produces weapons and mission systems.

It offers products and services, such as integrated battle management systems, weapons systems and aircraft, and mission systems. This segment also provides command and control and weapons systems, including munitions and missiles; precision strike weapons; propulsion, such as air-breathing and hypersonic systems; gun systems and precision munitions; life cycle service and support for software, weapons systems, and aircraft; and logistics support, sustainment, operation, and modernization for air, sea, and ground systems. The company's Mission Systems segment offers cyber, command, control, communications and computers, intelligence, surveillance, and reconnaissance systems; radar, electro-optical/infrared and acoustic sensors; electronic warfare systems; advanced communications and network systems; cyber solutions; intelligence processing systems; navigation; and maritime power, propulsion, and payload launch systems. This segment also provides airborne multifunction sensors; maritime/land systems and sensors; navigation, targeting, and survivability solutions; and networked information solutions. Its Space Systems segment offers satellites and payloads; ground systems; missile defense systems and interceptors; launch vehicles and related propulsion systems; and strategic missiles. The company was founded in 1939 and is based in Falls Church, Virginia.

Income-focused investors, long-term NOC holders, and systematic premium sellers all face the same challenge: finding the covered call strike and expiry that balances yield against the risk of being called away. Our scanner ranks covered calls by annualized return, downside protection, and probability of profit, so selling NOC covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best Northrop Grumman Corp covered calls come to you, already filtered for the metrics that matter.

Stock Statistics

  • IndustryAerospace & Defense
  • SectorIndustrials
  • IV percentile76.98% Elevated
  • Market cap (M$)75,404
  • 52 weeks high-31.42%
  • 52 weeks low10.81%
  • Analyst recommendationBuy
    1.86
  • Target price$651.91
    22.82% above the current stock price
  • Dividend
  • Payout ratio30.91%
  • Earnings date2026-10-20
  • P/E16.83
  • Future P/E17.42
  • EPS (ttm)31.54
  • EPS growth next 5 years7.72%

As of September 16, 2026

2026-09-183570.007.290.150.603890.007.32890.89-0.03+0.041000.45
2026-09-183565.006.350.100.653385.006.37775.23-0.02+0.051010.55
2026-09-183560.005.410.202.202895.005.45663.01-0.04+0.112642.00
2026-09-183555.004.470.451.202420.004.56554.23-0.08+0.102060.75
2026-09-183550.003.531.055.001980.003.73453.46-0.20+0.231063.95
2026-09-183545.002.592.003.301575.002.96360.71-0.38+0.24761.30
2026-09-183540.001.652.057.801080.002.03247.34-0.39+0.351815.75
2026-10-1631625.0017.650.401.859415.0017.72208.67-0.08+0.05121.45
2026-11-2066720.0035.530.252.6018900.0035.58196.75-0.05+0.04122.35
2026-11-2066715.0034.590.153.2018390.0034.62191.44-0.03+0.05203.05

As of September 16, 2026

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