Innovative Industrial Properties Inc
Innovative Industrial Properties Inc (IIPR) Covered Calls
As of September 30, 2026, IIPR has 21 covered call opportunities in the coming three months. Return ranges from 8.2 to 71.5% until expiration. Annualized return ranges from 16.9 to 153.2%. The nearest expiration is October 16, 2026. Maximum potential profit is $3,968.
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Running IIPR covered calls helps you generate consistent income from Innovative Industrial Properties Inc's shares you already own, turning a long stock position into a yield-producing asset. A covered call on Innovative Industrial Properties 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 IIPR 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 IIPR 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 IIPR 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 Innovative Industrial Properties Inc covered call is worth writing.
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
Income-focused investors, long-term IIPR 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 IIPR covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best Innovative Industrial Properties Inc covered calls come to you, already filtered for the metrics that matter.
Stock Statistics
- IndustryREIT - Industrial
- SectorReal Estate
- IV percentile74.60% Elevated
- Market cap (M$)1,452
- 52 weeks high-19.42%
- 52 weeks low18.17%
- Analyst recommendationHold
3.00 - Target price$64.50
22.44% above the current stock price - Dividend—
- Payout ratio193.51%
- Earnings date2026-11-02
- P/E11.94
- Future P/E11.81
- EPS (ttm)4.41
- EPS growth next 5 years—
As of September 30, 2026
| 2026-12-18 | 84 | 75.00 | 35.09 | 0.10 | 0.35 | 1958.00 | 35.27 | 153.24 | -0.18 | +0.06 | 113 | 0.25 |
| 2026-10-16 | 21 | 60.00 | 8.07 | 0.10 | 0.20 | 458.00 | 8.25 | 143.38 | -0.18 | +0.10 | 647 | 0.10 |
| 2026-12-18 | 84 | 70.00 | 26.08 | 0.10 | 0.75 | 1458.00 | 26.26 | 114.11 | -0.18 | +0.10 | 329 | 0.65 |
| 2026-11-20 | 56 | 65.00 | 17.07 | 0.10 | 0.40 | 958.00 | 17.26 | 112.47 | -0.18 | +0.09 | 12 | 0.30 |
| 2027-06-17 | 265 | 95.00 | 71.11 | 0.20 | 0.50 | 3968.00 | 71.47 | 98.44 | -0.36 | +0.06 | 2 | 0.30 |
| 2027-04-16 | 203 | 80.00 | 44.09 | 0.10 | 0.85 | 2458.00 | 44.27 | 79.60 | -0.18 | +0.09 | 1 | 0.75 |
| 2026-12-18 | 84 | 65.00 | 17.07 | 0.35 | 0.80 | 983.00 | 17.71 | 76.93 | -0.63 | +0.15 | 658 | 0.45 |
| 2027-06-17 | 265 | 85.00 | 53.10 | 0.35 | 2.60 | 2983.00 | 53.73 | 74.00 | -0.63 | +0.17 | 13 | 2.25 |
| 2027-04-16 | 203 | 75.00 | 35.09 | 0.30 | 1.25 | 1978.00 | 35.63 | 64.06 | -0.54 | +0.13 | 7 | 0.95 |
| 2026-11-20 | 56 | 60.00 | 8.07 | 0.85 | 1.10 | 533.00 | 9.60 | 62.57 | -1.53 | +0.28 | 135 | 0.25 |
As of September 30, 2026
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