Blue Owl Capital Corporation (OBDC) Covered Calls
Blue Owl Capital Corporation (OBDC) is a leading specialty finance company and business development company (BDC) that provides direct lending solutions to U.S. middle-market companies. As a BDC, OBDC operates as a closed-end investment vehicle that allows investors to access a diversified portfolio of private credit assets, primarily consisting of senior secured, floating-rate loans.
You can sell covered calls on Blue Owl Capital Corporation 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 OBDC (prices last updated Mon 4:16 PM ET):
| Blue Owl Capital Corporation (OBDC) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 11.41 | -0.06 | 11.39 | 11.41 | 8.5M | 9.2 | 5.7 |
| Covered Calls For Blue Owl Capital Corporation (OBDC) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Mar 20 | 12.5 | 0.00 | 11.41 | 0.0% | 0.0% | |
| Apr 17 | 12.5 | 0.05 | 11.36 | 3.7% | 33.8% | |
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OBDC is externally managed by an affiliate of Blue Owl Capital Inc. (NYSE: OWL). Its investment strategy is focused on originating high-quality, senior-oriented loans to resilient, non-cyclical middle-market businesses. The company’s portfolio is designed to generate current income for shareholders while emphasizing capital preservation across various economic credit cycles.
The company operates under the regulatory framework of a BDC, which requires it to invest at least 70% of its assets in "eligible portfolio companies"—typically private U.S. middle-market firms. By electing to be treated as a regulated investment company (RIC) for tax purposes, OBDC is able to pass through net investment income to shareholders without entity-level taxation, provided it meets strict distribution requirements.
Competitive Landscape
OBDC competes in the highly competitive private credit and direct lending landscape. Its performance is frequently benchmarked against other large-cap, publicly traded BDCs with similar investment objectives and liquidity profiles:
- Ares Capital Corporation (ARCC): The largest publicly traded BDC, serving as the industry benchmark for scale, portfolio diversification, and credit performance.
- Main Street Capital (MAIN): A prominent peer known for its robust internal management structure and consistent shareholder distributions.
- Goldman Sachs BDC (GSBD): Represents institutional-grade competition in the direct lending sector, often compared for its credit underwriting standards and yield.
Strategic Outlook and Innovation
OBDC’s strategic priority for 2026 is maintaining its scale as the second-largest publicly traded BDC while navigating a complex credit environment. Following the termination of a proposed merger with OBDC II in late 2025, management is currently focusing on portfolio stability, disciplined leverage management (targeting a debt-to-equity ratio of 0.9x – 1.25x), and shareholder alignment through buyback programs. Innovation efforts remain focused on refining its proprietary origination platform and utilizing the broader Blue Owl ecosystem to source high-conviction lending opportunities.
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Want more examples? O Covered Calls | OBE Covered Calls
Risk Disclosure: Trading options involves significant risk and is not suitable for all investors. The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, tax, or legal advice. Nothing contained on this site is an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities or financial instruments.
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.
You should consult with a qualified professional advisor and conduct your own due diligence before making any investment decisions. By using this website, you acknowledge that you are responsible for your own investment decisions and agree to release this site and its affiliates from any liability relating to your use of this information. See the OCC's Characteristics and Risks of Standardized Options for more info.
