Ironwood Pharmaceuticals Inc
Ironwood Pharmaceuticals Inc (IRWD) Covered Calls
As of September 25, 2026, IRWD has 5 covered call opportunities in the coming three months. Return ranges from 22.3 to 82.8% until expiration. Annualized return ranges from 49.0 to 387.2%. The nearest expiration is October 16, 2026. Maximum potential profit is $342.
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Running IRWD covered calls helps you generate consistent income from Ironwood Pharmaceuticals Inc's shares you already own, turning a long stock position into a yield-producing asset. A covered call on Ironwood Pharmaceuticals 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 IRWD 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 IRWD 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 IRWD 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 Ironwood Pharmaceuticals Inc covered call is worth writing.
Ironwood Pharmaceuticals, Inc., a healthcare company, focuses on the development and commercialization of gastrointestinal (GI) products. It markets linaclotide, a guanylate cyclase type-C agonist for the treatment of adults suffering from irritable bowel syndrome with constipation (IBS-C) or chronic idiopathic constipation (CIC) under the LINZESS name in the United States and Mexico, as well as under the CONSTELLA name in the Canada and European Union. The company is also developing IW-3300, a GC-C agonist for the treatment of visceral pain conditions, including interstitial cystitis/bladder pain syndrome and endometriosis; and CNP-104, an immune nanoparticle for the treatment of biliary cholangitis.
The company has strategic partnerships with AbbVie Inc., AstraZeneca AB, and Astellas Pharma Inc. for the development and commercialization of linaclotide. The company was formerly known as Microbia, Inc. and changed its name to Ironwood Pharmaceuticals, Inc. in April 2008. Ironwood Pharmaceuticals, Inc. was incorporated in 1998 and is headquartered in Boston, Massachusetts.
Income-focused investors, long-term IRWD 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 IRWD covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best Ironwood Pharmaceuticals Inc covered calls come to you, already filtered for the metrics that matter.
Stock Statistics
- IndustryDrug Manufacturers - Specialty & Generic
- SectorHealthcare
- IV percentile29.37% Subdued
- Market cap (M$)681
- 52 weeks high-28.72%
- 52 weeks low219.38%
- Analyst recommendationBuy
2.00 - Target price$6.10
48.06% above the current stock price - Dividend—
- Payout ratio0.00%
- Earnings date2026-11-09
- P/E5.37
- Future P/E3.13
- EPS (ttm)0.77
- EPS growth next 5 years112.04%
As of September 25, 2026
| 2026-10-16 | 21 | 5.00 | 21.07 | 0.05 | 0.10 | 92.00 | 22.28 | 387.18 | -1.21 | +0.19 | 794 | 0.05 |
| 2026-11-20 | 56 | 5.00 | 21.07 | 0.15 | 0.25 | 102.00 | 24.70 | 160.97 | -3.63 | +0.31 | 2,002 | 0.10 |
| 2027-05-21 | 238 | 7.50 | 81.60 | 0.05 | 0.80 | 342.00 | 82.81 | 127.00 | -1.21 | +0.32 | 0 | 0.75 |
| 2027-02-19 | 147 | 5.00 | 21.07 | 0.25 | 1.15 | 112.00 | 27.12 | 67.34 | -6.05 | +0.50 | 1,451 | 0.90 |
| 2027-05-21 | 238 | 5.00 | 21.07 | 0.45 | 1.30 | 132.00 | 31.96 | 49.02 | -10.90 | +0.54 | 6 | 0.85 |
As of September 25, 2026
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