FIGS, Inc. Class A (FIGS) Covered Calls

FIGS, Inc. is a founder-led, direct-to-consumer healthcare apparel and lifestyle brand that serves healthcare professionals. The company redefines industry standards by creating technically advanced apparel that features an unmatched combination of comfort, durability, function, and style. By utilizing a digital-first sales model, it has built a highly engaged community of loyal customers.

You can sell covered calls on FIGS, Inc. Class A 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 FIGS (prices last updated Fri 4:16 PM ET):

Want to make money with covered calls?  Sign Up For A Free Trial

Core Business and Products

FIGS operates as a lifestyle-focused apparel brand that specifically targets the needs of healthcare workers. The company has transformed a historically commoditized market by focusing on premium fabric technology—such as antimicrobial, moisture-wicking, and four-way stretch materials—that perform under the rigorous conditions of hospital and clinic environments. Its product line ranges from core scrub tops and pants to lab coats, base layers, and footwear, all designed with a modern, tailored aesthetic.

The company’s direct-to-consumer model is the backbone of its operation, accounting for the vast majority of its sales. This approach allows the organization to maintain high profit margins by bypassing retail middlemen while simultaneously collecting proprietary data on customer preferences. By fostering a powerful sense of community through social media engagement and purpose-driven brand messaging, the firm has turned a utilitarian purchase into a broader lifestyle movement.

Competitive Landscape

The apparel and lifestyle sector is highly competitive, with both traditional uniform manufacturers and global sportswear brands vying for consumer attention. Under Armour competes in the technical apparel space, offering performance-oriented products that share similar fabric technologies with FIGS. The broader athletic and casual wear market also includes Nike, which dominates the global footwear and apparel landscape.

In the specialized uniform and workwear segment, Lands' End maintains broad market reach, while other specialized medical apparel companies like Medelita provide alternatives for professionals seeking premium, tailored lab coats and scrubs. While various private companies and regional players provide lower-cost alternatives, FIGS distinguishes itself through its brand-centric approach and high customer retention rates.

Strategic Outlook and Innovation

The company’s long-term strategy is focused on becoming the global destination for healthcare professionals’ apparel and lifestyle needs. This involves a dual approach of expanding into international markets and developing a business-to-business "TEAMS" channel to capture larger institutional uniform contracts. By providing custom branding and streamlined ordering platforms, the organization aims to penetrate the institutional segment, which historically relied on traditional uniform suppliers.

Innovation remains centered on product expansion and the development of "community hubs" that bridge the gap between online sales and physical experiences. The company is also investing in sustainability initiatives, including the use of recycled materials, to align with the values of its customer base. This evergreen focus on brand equity and category-defining innovation ensures the organization remains a leader in the evolution of professional workplace attire.

Want more examples? FIGR Covered Calls | FINV Covered Calls