Best Covered Call Strategy for FANG Stock Over 14 Days — Up to 2.65% Yield
Diamondback Energy, Inc. · FANG · Covered Call · Updated Nov 5, 2026
Best covered call strategy for FANG stock over 14 days: sell a ~0.25–0.30 delta call in the 7–21 DTE window. Example contracts below for Diamondback Energy, Inc. (FANG) reach up to 2.65% annualized yield (1.28% avg on top strikes)—compare strike, premium, and IV before opening the screener. Diamondback Energy, Inc., an independent oil and natural gas company, acquires, develops, explores, and exploits unconventional, onshore oil and natural gas reserves in the Permian Basin in West Texas, the United States. The company primarily focuses on the development of the Spraberry and Wolfcamp formations of the Midland Basin; and the Wolfcamp and Bone Spring formations of the Delaware Basin, both of which are part of the Permian Basin in West Texas and New Mexico. Diamondback Energy, Inc.
View FANG chartBest covered call strategy for FANG stock over 14 days
Target ~0.25–0.30 delta in the 7–21 DTE window. Top contracts reach up to 2.65% annualized yield (1.28% avg). Example: $185 strike, 15 DTE, 2.65% yield at ~0.45 delta. Full comparison is in the table below.
Top Covered Calls (14–30 day)
Open full screener| Strike | Expiration | DTE | Delta | Premium | Yield | Score | Action |
|---|---|---|---|---|---|---|---|
| $185.00 | Nov 20 | 15 | 0.45 | $4.45 | 2.65% | 45 | Open |
| $190.00 | Nov 20 | 15 | 0.34 | $3.23 | 1.63% | 38 | Open |
| $290.00 | Nov 20 | 15 | 0.08 | $1.73 | 0.59% | 36 | Open |
| $300.00 | Nov 20 | 15 | 0.08 | $1.70 | 0.57% | 36 | Open |
| $195.00 | Nov 20 | 15 | 0.22 | $1.83 | 0.95% | 32 | Open |
Additional medium-term contracts (22–45 DTE)
Key Metrics
Financial Performance
Covered calls snapshot
Insights
Top pick
Best covered calls for Diamondback Energy, Inc. (FANG): $185.00 strike expiring Nov 20, 2026, 2.65% yield.
Short-term opportunities
Diamondback Energy, Inc. (FANG) has competitive covered calls expiring within ~14–21 days—use the 14-day screener filter to compare.
Implied volatility
Average IV for Diamondback Energy, Inc. (FANG) is 80.4% (elevated)— favorable for premium sellers.
How to use this page
- Review Diamondback Energy, Inc. (FANG) fundamentals — Check stock price, sector, and technicals in the company snapshot, then compare top contract cards.
- Open the screener for Diamondback Energy, Inc. (FANG) — Open our Covered Calls screener with FANG pre-loaded and optional 14-day or 30-day DTE filters.
- Compare and execute — Refine yield, delta, and IV in the screener, then place the trade in your broker.
Analysis
Our analysis of Diamondback Energy, Inc. (FANG) covered calls shows average premium yield of 1.28% and peaks at 2.65%. Average implied volatility is 80.4% (peak 148.3%), indicating elevated volatility for premium sellers. Diamondback Energy, Inc. (FANG) operates in the Energy sector within the Oil & Gas E&P industry, earning an overall score of 3. Use the tables below to compare strike, DTE, and delta before opening the full screener.
FAQ
What is the best covered call strategy for FANG stock over 14 days?
For a 14-day covered call on FANG, target ~0.25–0.30 delta strikes in the 7–21 DTE window with annualized yield up to 2.65% (1.28% avg on top contracts). Example from today’s chain: $185.00 strike, 15 DTE, 2.65% annualized yield at ~0.45 delta. Compare strike, premium, delta, and IV in the table above, then open the covered call screener for live filters.
What are the best covered calls for Diamondback Energy, Inc. (FANG)?
The best covered calls for Diamondback Energy, Inc. (FANG) reach up to 2.65% annualized yield (1.28% average on top strikes). This page emphasizes roughly 14–21 day expirations plus 30-day style windows. Compare strike, DTE, delta, and IV in the tables below, then open the screener for full filters.
What are Diamondback Energy, Inc. (FANG)'s fundamentals for covered calls?
For Diamondback Energy, Inc. (FANG), key fundamentals include last price $183.15, P/E 40.4, market cap $59.7 Billion, Energy sector, WSO rating B, analyst consensus Buy. Fundamentals help you judge assignment risk and premium richness before selling options.
How do I find covered calls for Diamondback Energy, Inc. (FANG)?
Use our Covered Calls screener with Diamondback Energy, Inc. (FANG) pre-loaded: filter by premium yield, DTE (14-day or 30-day windows), delta, and implied volatility (80.4% avg IV on this page).
What is the average premium yield for Diamondback Energy, Inc. (FANG) covered calls?
Average premium yield for Diamondback Energy, Inc. (FANG) covered calls is 1.28%, with top contracts up to 2.65%. Yields move with strike, expiration, and IV (avg 80.4%, peak 148.3%).
Is Diamondback Energy, Inc. (FANG) a good stock for covered calls?
Diamondback Energy, Inc. (FANG) offers covered calls with yields up to 2.65%. WSO rates it B. It is in Energy. IV is elevated—weigh premium income vs. assignment and earnings risk.
What expiration dates are available for Diamondback Energy, Inc. (FANG) covered calls?
Diamondback Energy, Inc. (FANG) has short-dated contracts (~7–21 DTE) and medium-term expirations (~22–45 DTE) on this page. Use DTE chips to jump to the screener with matching expiration filters.
How does implied volatility affect Diamondback Energy, Inc. (FANG) covered calls?
IV drives option premiums: Diamondback Energy, Inc. (FANG) averages 80.4% IV (peak 148.3%). Higher IV can mean richer premiums but more price swing—balance yield with delta and DTE.