Costamare Inc. $0.0001 par value (CMRE) Covered Calls
Costamare Inc. is a leading international owner and operator of containerships and dry bulk vessels. With over 50 years of history, the company provides transportation services to global liner companies and various dry bulk charterers. In 2026, Costamare has expanded its strategic footprint through its controlling interest in Neptune Maritime Leasing, a growing platform providing financing solutions across the maritime sector.
You can sell covered calls on Costamare Inc. $0.0001 par value to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for CMRE (prices last updated Fri 4:16 PM ET):
| Costamare Inc. $0.0001 par value (CMRE) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 17.22 | -0.12 | 17.00 | 17.50 | 315K | 6.1 | 2.9 |
| Covered Calls For Costamare Inc. $0.0001 par value (CMRE) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Apr 17 | 17 | 0.40 | 17.10 | -0.6% | -27.4% | |
| May 15 | 17 | 0.80 | 16.70 | 2.5% | 25.3% | |
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Core Business and Products
Costamare Inc. (CMRE) is a Monaco-based shipping giant that manages a diversified fleet of nearly 70 containerships and over 35 dry bulk vessels. The containership segment operates under long-term time charters with top-tier liner companies like Maersk, MSC, and COSCO, providing high cash-flow visibility. As of early 2026, the company has forward-chartered a significant portion of its fleet, with 96% of its container capacity fixed for the remainder of the year and 92% fixed for 2027.
A key growth pillar for 2026 is the company’s expansion into maritime leasing. Through its majority stake in Neptune Maritime Leasing (NML), Costamare has committed over $245 million to build a portfolio of more than 50 shipping assets. This allows the company to act as a financial partner to other shipowners, diversifying its revenue away from pure spot-market volatility and charter-party risk. The company also maintains a modern fleet profile with several high-efficiency newbuilds scheduled for delivery throughout 2026 and 2027.
Competitive Landscape
The container and dry bulk markets are highly fragmented and sensitive to global trade cycles and geopolitical disruptions. Costamare competes based on fleet age, operational reliability, and strong relationships with major charterers. Unlike pure-play dry bulk or container companies, Costamare’s hybrid model and its entry into the leasing business provide a unique defensive profile in the shipping sector.
- Danaos Corporation: A primary competitor in the containership charter market with a similar high-capacity fleet and long-term contract focus.
- Global Ship Lease, Inc.: A leading peer focused exclusively on containerships, known for high dividend yields and active option liquidity.
- Genco Shipping & Trading Limited: A major peer in the dry bulk segment that provides a direct benchmark for Costamare’s bulk carrier operations.
- Safe Bulkers, Inc.: A specialized competitor in the dry bulk industry with a focus on fuel-efficient "eco-ships."
- Star Bulk Carriers Corp.: One of the largest dry bulk operators globally, serving as a primary industry benchmark for bulk freight rates.
Strategic Outlook and Innovation
Costamare’s 2026 strategy is centered on "Contracted Cash Flow and De-risking." Having secured incremental contracted revenues of approximately $940 million through forward fixtures in early 2026, the company is focusing on capital allocation, including a disciplined dividend policy and selective fleet renewal. Management is also utilizing interest rate swaps to minimize exposure to floating rates, ensuring balance sheet stability as it funds its leasing platform expansion.
Innovation at Costamare involves "Vessel Life Extension" and decarbonization initiatives. The company is investing in energy-saving devices for its existing fleet and exploring alternative fuels for its upcoming newbuilds to comply with stricter IMO greenhouse gas regulations. Additionally, its investment in Neptune Maritime Leasing represents a financial innovation in the sector, providing the company with a data-rich vantage point across multiple shipping sub-sectors. By maintaining high utilization and a robust contract backlog, Costamare aims to provide steady returns through the cyclical fluctuations of global trade.
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Want more examples? CMPX Covered Calls | CMS Covered Calls
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Covered Call Strategy Risks: While covered call writing is often considered a conservative options strategy, it is not without risk. By selling a covered call, you are limiting your potential upside profit from the underlying stock. You remain exposed to the full downside risk of owning the underlying stock. In the event of a significant decline in the stock price, the premium received may not be sufficient to offset your losses.
No Guarantee of Performance: Past performance is not indicative of future results. Any examples, calculations, or hypothetical scenarios presented on this site are for illustrative purposes only and do not guarantee future returns or outcomes. Market conditions, liquidity, and trading system failures can affect your ability to execute trades at desired prices.
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