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Best Covered Call Strategy for WBD Stock Over 14 Days — Up to 5.38% Yield

Warner Bros. Discovery, Inc. · WBD · Covered Call · Updated Jul 26, 2026

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Best covered call strategy for WBD stock over 14 days: sell a ~0.25–0.30 delta call in the 7–21 DTE window. Example contracts below for Warner Bros. Discovery, Inc. (WBD) reach up to 5.38% annualized yield (3.07% avg on top strikes)—compare strike, premium, and IV before opening the screener.

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Best covered call strategy for WBD stock over 14 days

Target ~0.25–0.30 delta in the 7–21 DTE window. Top contracts reach up to 5.38% annualized yield (3.07% avg). Example: $30 strike, 12 DTE, 3.64% yield at ~0.32 delta. Full comparison is in the table below.

Earnings soon: Aug 6, 2026 (11 days). Calendar

Elevated implied volatilityTop IV stocks →

Top Covered Calls (14–30 day)

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Top Covered Calls (14–30 day) — strike, expiration, DTE, delta, premium, yield, and contract score
StrikeExpirationDTEDeltaPremiumYieldScoreAction
$29.50Aug 7120.32$1.083.64%59Open
$26.50Aug 7120.32$0.321.21%49Open
$26.00Aug 7120.50$1.405.38%19Open
$28.00Aug 14190.24$0.391.39%10Open
$29.00Aug 7120.33$1.083.72%8Open

Additional medium-term contracts (22–45 DTE)

Additional medium-term contracts (22–45 DTE) — strike, expiration, DTE, delta, premium, yield, and contract score
StrikeExpirationDTEDeltaPremiumYieldScoreAction
$33.00Aug 21260.26$1.073.24%69Open
$34.00Aug 28330.25$1.073.15%57Open
$28.00Sep 4400.39$1.324.71%54Open

Key Metrics

Financial Performance

Market Cap.$64.6 Billion
Stock Price$25.83
SectorCommunication Services
IndustryEntertainment
52W High$30.00
52W Low$10.76
50-Day SMA$26.75
200-Day SMA$26.27
RSI (14D)38.4
Analyst ConsensusHold
WSO RatingC+
Next EarningsAug 6, 2026

Covered calls snapshot

Avg. Premium Yield3.07%
Max Premium Yield5.38%
Avg. Implied Vol.76.8%
Peak Implied Vol.118.0%
Data UpdatedJul 26, 2026, 1:21 AM UTC

Insights

Top pick

Best covered calls for Warner Bros. Discovery, Inc. (WBD): $29.50 strike expiring Aug 7, 2026, 3.64% yield.

Short-term opportunities

Warner Bros. Discovery, Inc. (WBD) has competitive covered calls expiring within ~14–21 days—use the 14-day screener filter to compare.

Implied volatility

Average IV for Warner Bros. Discovery, Inc. (WBD) is 76.8% (elevated)— favorable for premium sellers.

Weekly vs monthly yield

Best ≤14 DTE yield: 5.38%. Best >14 DTE: 1.39%.

How to use this page

  1. Review Warner Bros. Discovery, Inc. (WBD) fundamentals Check stock price, sector, and technicals in the company snapshot, then compare top contract cards.
  2. Open the screener for Warner Bros. Discovery, Inc. (WBD) Open our Covered Calls screener with WBD pre-loaded and optional 14-day or 30-day DTE filters.
  3. Compare and execute Refine yield, delta, and IV in the screener, then place the trade in your broker.

Analysis

Our analysis of Warner Bros. Discovery, Inc. (WBD) covered calls shows average premium yield of 3.07% and peaks at 5.38%. Average implied volatility is 76.8% (peak 118.0%), indicating elevated volatility for premium sellers. Warner Bros. Discovery, Inc. (WBD) operates in the Communication Services sector within the Entertainment industry. Use the tables below to compare strike, DTE, and delta before opening the full screener.

FAQ

What is the best covered call strategy for WBD stock over 14 days?

For a 14-day covered call on WBD, target ~0.25–0.30 delta strikes in the 7–21 DTE window with annualized yield up to 5.38% (3.07% avg on top contracts). Example from today’s chain: $26.00 strike, 12 DTE, 5.38% annualized yield at ~0.50 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 Warner Bros. Discovery, Inc. (WBD)?

The best covered calls for Warner Bros. Discovery, Inc. (WBD) reach up to 5.38% annualized yield (3.07% 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 Warner Bros. Discovery, Inc. (WBD)'s fundamentals for covered calls?

For Warner Bros. Discovery, Inc. (WBD), key fundamentals include last price $25.83, market cap $64.6 Billion, Communication Services sector, WSO rating C+, analyst consensus Hold. Fundamentals help you judge assignment risk and premium richness before selling options.

How do I find covered calls for Warner Bros. Discovery, Inc. (WBD)?

Use our Covered Calls screener with Warner Bros. Discovery, Inc. (WBD) pre-loaded: filter by premium yield, DTE (14-day or 30-day windows), delta, and implied volatility (76.8% avg IV on this page).

What is the average premium yield for Warner Bros. Discovery, Inc. (WBD) covered calls?

Average premium yield for Warner Bros. Discovery, Inc. (WBD) covered calls is 3.07%, with top contracts up to 5.38%. Yields move with strike, expiration, and IV (avg 76.8%, peak 118.0%).

Is Warner Bros. Discovery, Inc. (WBD) a good stock for covered calls?

Warner Bros. Discovery, Inc. (WBD) offers covered calls with yields up to 5.38%. WSO rates it C+. It is in Communication Services. IV is elevated—weigh premium income vs. assignment and earnings risk.

What expiration dates are available for Warner Bros. Discovery, Inc. (WBD) covered calls?

Warner Bros. Discovery, Inc. (WBD) 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 Warner Bros. Discovery, Inc. (WBD) covered calls?

IV drives option premiums: Warner Bros. Discovery, Inc. (WBD) averages 76.8% IV (peak 118.0%). Higher IV can mean richer premiums but more price swing—balance yield with delta and DTE.

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Not financial advice. Options involve risk. Data from live market feeds and may change.