Forward Air Corp
Forward Air Corp (FWRD) Covered Calls
As of September 28, 2026, FWRD has 20 covered call opportunities in the coming three months. Return ranges from 2.8 to 172.6% until expiration. Annualized return ranges from 16.6 to 562.6%. The nearest expiration is October 16, 2026. Maximum potential profit is $2,536.
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Running FWRD covered calls helps you generate consistent income from Forward Air Corp's shares you already own, turning a long stock position into a yield-producing asset. A covered call on Forward Air 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 FWRD 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 FWRD 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 FWRD 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 Forward Air Corp covered call is worth writing.
Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States and Canada. It operates in two segments, Expedited Freight and Intermodal. The Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment also offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services.
The Intermodal segment provides intermodal container drayage services; and contract, and container freight station warehouse and handling services. It serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was founded in 1981 and is headquartered in Greeneville, Tennessee.
Income-focused investors, long-term FWRD 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 FWRD covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best Forward Air Corp covered calls come to you, already filtered for the metrics that matter.
Stock Statistics
- IndustryIntegrated Freight & Logistics
- SectorIndustrials
- IV percentile88.49% Elevated
- Market cap (M$)516
- 52 weeks high-51.03%
- 52 weeks low94.27%
- Analyst recommendationBuy
2.20 - Target price$28.00
84.76% above the current stock price - Dividend—
- Payout ratio—
- Earnings date2026-11-04
- P/E—
- Future P/E64.70
- EPS (ttm)-8.90
- EPS growth next 5 years—
As of September 28, 2026
| 2027-01-15 | 112 | 40.00 | 172.29 | 0.05 | 0.40 | 2536.00 | 172.63 | 562.60 | -0.34 | +0.07 | 759 | 0.35 |
| 2027-01-15 | 112 | 30.00 | 104.22 | 0.15 | 0.50 | 1546.00 | 105.24 | 342.98 | -1.02 | +0.11 | 2,230 | 0.35 |
| 2026-10-16 | 21 | 17.50 | 19.13 | 0.05 | 0.45 | 286.00 | 19.47 | 338.39 | -0.34 | +0.19 | 153 | 0.40 |
| 2027-01-15 | 112 | 25.00 | 70.18 | 0.35 | 0.75 | 1066.00 | 72.57 | 236.49 | -2.38 | +0.18 | 1,284 | 0.40 |
| 2027-01-15 | 112 | 22.50 | 53.17 | 0.50 | 0.95 | 831.00 | 56.57 | 184.35 | -3.40 | +0.23 | 531 | 0.45 |
| 2026-12-18 | 84 | 20.00 | 36.15 | 0.05 | 2.65 | 536.00 | 36.49 | 158.55 | -0.34 | +0.36 | 60 | 2.60 |
| 2027-01-15 | 112 | 20.00 | 36.15 | 0.95 | 1.40 | 626.00 | 42.61 | 138.88 | -6.47 | +0.33 | 1,050 | 0.45 |
| 2026-12-18 | 84 | 17.50 | 19.13 | 0.90 | 2.05 | 371.00 | 25.26 | 109.74 | -6.13 | +0.42 | 60 | 1.15 |
| 2027-01-15 | 112 | 17.50 | 19.13 | 1.30 | 3.60 | 411.00 | 27.98 | 91.18 | -8.85 | +0.50 | 68 | 2.30 |
| 2027-12-17 | 448 | 30.00 | 104.22 | 0.60 | 5.00 | 1591.00 | 108.30 | 88.24 | -4.08 | +0.43 | 2,726 | 4.40 |
As of September 28, 2026
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