Warner Music Group Corp
Warner Music Group Corp (WMG) Covered Calls
As of September 22, 2026, WMG has 20 covered call opportunities in the coming three months. Return ranges from 3.1 to 27.1% until expiration. Annualized return ranges from 9.8 to 124.4%. The nearest expiration is October 16, 2026. Maximum potential profit is $751.
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Running WMG covered calls helps you generate consistent income from Warner Music Group Corp's shares you already own, turning a long stock position into a yield-producing asset. A covered call on Warner Music Group 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 WMG 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 WMG 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 WMG 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 Warner Music Group Corp covered call is worth writing.
Warner Music Group Corp. operates as a music entertainment company in the United States, the United Kingdom, Germany, and internationally. The company operates through Recorded Music and Music Publishing segments. The Recorded Music segment is involved in the discovery and development of recording artists, as well as related marketing, promotion, distribution, sale, and licensing of music created by such recording artists; markets its music catalog through compilations and reissuances of previously released music and video titles, as well as previously unreleased materials; and conducts its operation primarily through a collection of record labels, such as Warner Records and Atlantic Records, as well as Asylum, Big Beat, Canvasback, East West, Erato, FFRR, Fueled by Ramen, Nonesuch, Parlophone, Reprise, Roadrunner, Sire, Spinnin' Records, Warner Classics, and Warner Music Nashville.
This segment markets, distributes, and sells music and video products to retailers and wholesale distributors; independent labels to retail and wholesale distributors; and various distribution centers and ventures, as well as retail outlets, online physical retailers, streaming services, and download services. The Music Publishing segment owns and acquires rights to approximately one million musical compositions comprising pop hits, American standards, folk songs, and motion picture and theatrical compositions. Its catalog includes approximately 100,000 songwriters and composers; and various genres, including pop, rock, jazz, classical, country, R&B, hip-hop, rap, reggae, Latin, folk, blues, symphonic, soul, Broadway, electronic, alternative, and gospel. This segment also administers the music and soundtracks of various third-party television and film producers and studios. The company was founded in 1929 and is headquartered in New York, New York.
Income-focused investors, long-term WMG 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 WMG covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best Warner Music Group Corp covered calls come to you, already filtered for the metrics that matter.
Stock Statistics
- IndustryEntertainment
- SectorCommunication Services
- IV percentile55.56% Neutral
- Market cap (M$)14,328
- 52 weeks high-22.67%
- 52 weeks low17.35%
- Analyst recommendationStrong Buy
1.47 - Target price$37.60
37.28% above the current stock price - Dividend—
- Payout ratio105.25%
- Earnings date2026-11-19
- P/E21.66
- Future P/E15.20
- EPS (ttm)1.26
- EPS growth next 5 years44.22%
As of September 22, 2026
| 2026-10-16 | 25 | 30.00 | 8.34 | 0.05 | 0.50 | 236.00 | 8.52 | 124.43 | -0.18 | +0.21 | 45 | 0.45 |
| 2026-10-16 | 25 | 29.00 | 4.73 | 0.35 | 0.50 | 166.00 | 5.99 | 87.53 | -1.26 | +0.31 | 15 | 0.15 |
| 2027-01-15 | 116 | 35.00 | 26.40 | 0.15 | 1.50 | 746.00 | 26.94 | 84.77 | -0.54 | +0.23 | 238 | 1.35 |
| 2027-01-15 | 116 | 33.00 | 19.18 | 0.20 | 2.60 | 551.00 | 19.90 | 62.61 | -0.72 | +0.32 | 0 | 2.40 |
| 2026-10-16 | 25 | 28.00 | 1.12 | 0.75 | 1.85 | 106.00 | 3.83 | 55.89 | -2.71 | +0.50 | 10 | 1.10 |
| 2027-01-15 | 116 | 32.00 | 15.57 | 0.55 | 0.95 | 486.00 | 17.55 | 55.23 | -1.99 | +0.27 | 146 | 0.40 |
| 2026-11-20 | 60 | 30.00 | 8.34 | 0.15 | 1.40 | 246.00 | 8.88 | 54.04 | -0.54 | +0.33 | 23 | 1.25 |
| 2027-04-16 | 207 | 35.00 | 26.40 | 0.20 | 1.95 | 751.00 | 27.12 | 47.82 | -0.72 | +0.26 | 1 | 1.75 |
| 2027-04-16 | 207 | 34.00 | 22.79 | 0.20 | 3.20 | 651.00 | 23.51 | 41.46 | -0.72 | +0.34 | 1 | 3.00 |
| 2027-04-16 | 207 | 32.00 | 15.57 | 1.10 | 2.90 | 541.00 | 19.54 | 34.45 | -3.97 | +0.40 | 0 | 1.80 |
As of September 22, 2026
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