First Watch Restaurant Group Inc
First Watch Restaurant Group Inc (FWRG) Covered Calls
As of September 29, 2026, FWRG has 7 covered call opportunities in the coming three months. Return ranges from 23.8 to 97.7% until expiration. Annualized return ranges from 53.8 to 242.7%. The nearest expiration is November 20, 2026. Maximum potential profit is $991.
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Running FWRG covered calls helps you generate consistent income from First Watch Restaurant Group Inc's shares you already own, turning a long stock position into a yield-producing asset. A covered call on First Watch Restaurant Group Inc 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 FWRG 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 FWRG 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 FWRG 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 First Watch Restaurant Group Inc covered call is worth writing.
First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida.
Income-focused investors, long-term FWRG 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 FWRG covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best First Watch Restaurant Group Inc covered calls come to you, already filtered for the metrics that matter.
Stock Statistics
- IndustryRestaurants
- SectorConsumer Cyclical
- IV percentile38.10% Neutral
- Market cap (M$)641
- 52 weeks high-44.85%
- 52 weeks low5.06%
- Analyst recommendationStrong Buy
1.00 - Target price$19.50
93.04% above the current stock price - Dividend—
- Payout ratio0.00%
- Earnings date2026-11-03
- P/E36.74
- Future P/E40.99
- EPS (ttm)0.28
- EPS growth next 5 years5.84%
As of September 29, 2026
| 2027-02-19 | 147 | 20.00 | 97.24 | 0.05 | 0.95 | 991.00 | 97.73 | 242.67 | -0.49 | +0.20 | 101 | 0.90 |
| 2026-11-20 | 56 | 12.50 | 23.27 | 0.05 | 0.60 | 241.00 | 23.77 | 154.91 | -0.49 | +0.24 | 455 | 0.55 |
| 2027-02-19 | 147 | 15.00 | 47.93 | 0.25 | 0.75 | 511.00 | 50.39 | 125.13 | -2.47 | +0.24 | 49 | 0.50 |
| 2027-05-21 | 238 | 17.50 | 72.58 | 0.05 | 0.75 | 741.00 | 73.08 | 112.07 | -0.49 | +0.19 | 0 | 0.70 |
| 2027-05-21 | 238 | 15.00 | 47.93 | 0.35 | 1.90 | 521.00 | 51.38 | 78.80 | -3.45 | +0.37 | 0 | 1.55 |
| 2027-02-19 | 147 | 12.50 | 23.27 | 0.60 | 1.75 | 296.00 | 29.19 | 72.48 | -5.92 | +0.43 | 107 | 1.15 |
| 2027-05-21 | 238 | 12.50 | 23.27 | 1.20 | 1.40 | 356.00 | 35.11 | 53.84 | -11.83 | +0.45 | 10 | 0.20 |
As of September 29, 2026
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