Franklin BSP Realty Trust Inc

FBRTNYSE · USD
6.17USD-0.13 (-2.07%)
835

Franklin BSP Realty Trust Inc (FBRT) Covered Calls

Franklin BSP Realty Trust Inc trades in the REIT - Mortgage industry with an IV Rank of 37.70%, average versus the past year. FBRT's highest covered call setup is the $7.00 strike expiring Mar 19, 2027, sorted by theoretical annualized return. It's 11.11% out of the money with 128 days to expiration, a 12.70% return until expiration, and a 36.21% theoretical annualized return. Across the setups shown, annualized returns run from 22.59% to 36.21% at strikes between $7.00 and $7.00, with 128 to 218 days to expiration, as of Nov 11, 2026.

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Running FBRT covered calls helps you generate income from Franklin BSP Realty Trust Inc shares you already own, turning a long stock position into a yield producing asset. A covered call means holding the underlying stock and selling a call option against it, collecting premium in exchange for capping upside at the strike. Use our scanner to find the best FBRT covered calls in real time and filter for the strikes, expiries, and premiums that fit your strategy.

A covered call pairs limited risk with a clear income profile. If FBRT 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 FBRT covered calls works best when implied volatility is elevated, since richer premiums improve the risk reward. Key inputs include strike selection relative to delta, days to expiration, annualized return, and probability of assignment, all of which determine whether a given FBRT covered call is worth writing.

Franklin BSP Realty Trust, Inc., a real estate finance company, originates, acquires, and manages a portfolio of commercial real estate debt secured by properties located in the United States. The company also originates conduit loans; and invests in commercial real estate securities, as well as owns real estate acquired through foreclosure and deed in lieu of foreclosure, and purchased for investment. In addition, it invests in commercial real estate debt investments, which includes first mortgage loans, mezzanine loans, bridge loans, and other loans related to commercial real estate. The company qualifies as a real estate investment trust for federal income tax purposes.

2027-03-191287.0011.110.100.4580.0012.7036.21-1.59+0.361,0020.35
2027-06-172187.0011.110.150.7085.0013.4922.59-2.38+0.4220.55

As of Nov 11, 2026

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Stock Statistics

  • IndustryREIT - Mortgage
  • SectorReal Estate
  • IV Rank37.70% Moderate
  • Market cap (M$)477
  • 52 weeks high-41.77%
  • 52 weeks low6.78%
  • Analyst recommendationBuy
    1.80
  • Target price$9.67
    83.63% above the current stock price
  • Dividend—
  • Payout ratio222.19%
  • Earnings date2027-02-10
  • P/E—
  • Future P/E7.08
  • EPS (ttm)-0.09
  • EPS growth next 5 years—

As of Nov 11, 2026