Joby Aviation, Inc. (JOBY) Covered Calls

Joby Aviation, Inc. is a California-based aerospace company developing all-electric vertical take-off and landing (eVTOL) aircraft for commercial air taxi service. By 2026, the firm has entered the final stage of FAA Type Certification, supported by a strategic manufacturing alliance with Toyota. With major production facilities in California and Ohio, Joby aims to launch commercial operations in Dubai and select U.S. markets using its quiet, five-seat S4 aircraft.

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Joby Aviation, Inc. (JOBY) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
10.52 +1.06 10.47 10.52 33.4M - 8.6
Covered Calls For Joby Aviation, Inc. (JOBY)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Feb 20 10.5 0.61 9.91 6.0% 146%
Mar 20 11 0.95 9.57 9.9% 84.0%
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Extended Business Description

Core Business and Products

Joby Aviation operates a vertically integrated business model, designing, manufacturing, and planning to operate its own fleet of electric air taxis. By 2026, the company has transitioned from pure R&D to low-rate initial production. Their primary business pillars include:

  1. Direct-to-Consumer Air Taxi: A digital-first service allowing passengers to book "Uber of the Sky" flights via the Joby and Uber apps. Initial launch markets for 2026 include Dubai, Los Angeles, and New York City.
  2. Manufacturing & Toyota Alliance: Utilizing Toyota’s mass-production expertise, Joby operates a scaled manufacturing plant in Dayton, Ohio, capable of producing dozens of aircraft annually to support its global network.
  3. Government & Defense: Through its "Agility Prime" contracts, Joby provides the U.S. Air Force with aircraft for logistics, casualty evacuation, and research, providing a non-dilutive revenue stream ahead of commercial launch.
  4. Infrastructure & Vertiports: In partnership with Metropolis Technologies and Delta Air Lines, Joby is developing a network of "vertiports" integrated into existing airports and urban transit hubs.

Competitive Landscape

Joby competes in the nascent but rapidly maturing Advanced Air Mobility (AAM) sector. Its most direct rival is Archer Aviation, which follows a similar FAA certification path with backing from United Airlines and Stellantis. In the regional and short-haul market, it faces competition from Embraer’s Eve Air Mobility and specialized medical logistics providers like Strata Critical Medical. For established aerospace exposure, it is often compared to Textron, which owns the Bell eAviation division. While legacy players like Boeing and Airbus are developing prototypes, Joby’s "pure-play" focus and 50,000+ test flight miles give it a significant first-mover advantage in the US-listed options market.

Strategic Outlook and Innovation

The 2026 strategic roadmap for Joby is defined by "The Path to Entry into Service (EIS)." After raising $1.2 billion in early 2026 to fund its final certification push, the company is focused on completing Type Inspection Authorization (TIA) with the FAA. Innovation efforts are led by Superpilot™, an autonomous flight technology suite that has already logged thousands of miles in defense exercises. Additionally, Joby is pioneering Hydrogen-Electric Flight, having successfully demonstrated a 500-mile flight with its liquid-hydrogen prototype in late 2025. Despite being pre-revenue in its commercial segment, Joby holds a record $1 billion in potential aircraft and service backlogs. By leveraging its "dual vertical integration" and deep partnership with Delta Air Lines, Joby aims to redefine urban transit as a quiet, zero-emission alternative to ground-based congestion.