MGIC Investment Corp
MGIC Investment Corp (MTG) Covered Calls
As of September 25, 2026, MTG has 4 covered call opportunities in the coming three months. Return ranges from 2.6 to 19.6% until expiration. Annualized return ranges from 16.1 to 83.3%. The nearest expiration is November 20, 2026. Maximum potential profit is $575.
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Running MTG covered calls helps you generate consistent income from MGIC Investment Corp's shares you already own, turning a long stock position into a yield-producing asset. A covered call on MGIC Investment 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 MTG 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 MTG 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 MTG 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 MGIC Investment Corp covered call is worth writing.
MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto Rico, and Guam. The company offers primary mortgage insurance that provides mortgage default protection on individual loans, as well as covers unpaid loan principal, delinquent interest, and various expenses associated with the default and subsequent foreclosure. It also provides contract underwriting services, as well as reinsurance. The company serves originators of residential mortgage loans, including savings institutions, commercial banks, mortgage brokers, credit unions, mortgage bankers, and other lenders.
MGIC Investment Corporation was founded in 1957 and is headquartered in Milwaukee, Wisconsin.
Income-focused investors, long-term MTG 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 MTG covered calls becomes a measured decision instead of a guess. Stop eyeballing the chain — let the best MGIC Investment Corp covered calls come to you, already filtered for the metrics that matter.
Stock Statistics
- IndustryInsurance - Specialty
- SectorFinancial
- IV percentile63.49% Neutral
- Market cap (M$)5,842
- 52 weeks high-10.69%
- 52 weeks low15.35%
- Analyst recommendationHold
3.00 - Target price$31.20
9.55% above the current stock price - Dividend—
- Payout ratio17.83%
- Earnings date2026-11-04
- P/E8.90
- Future P/E8.32
- EPS (ttm)3.20
- EPS growth next 5 years2.05%
As of September 25, 2026
| 2026-12-18 | 86 | 35.00 | 19.45 | 0.05 | 0.25 | 575.00 | 19.62 | 83.29 | -0.17 | +0.09 | 250 | 0.20 |
| 2026-12-18 | 86 | 30.00 | 2.39 | 0.95 | 1.25 | 165.00 | 5.63 | 23.90 | -3.24 | +0.47 | 3,524 | 0.30 |
| 2027-03-19 | 177 | 30.00 | 2.39 | 1.65 | 2.05 | 235.00 | 8.02 | 16.54 | -5.63 | +0.52 | 25 | 0.40 |
| 2026-11-20 | 58 | 30.00 | 2.39 | 0.05 | 1.20 | 75.00 | 2.56 | 16.11 | -0.17 | +0.42 | 1 | 1.15 |
As of September 25, 2026
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