Rithm Capital Corp. (RITM) Covered Calls

Rithm Capital Corp. is a global asset manager and internally managed REIT focused on real estate and financial services. The company integrates mortgage origination and servicing with a diversified investment portfolio including MSRs and residential credit. Rithm leverages its unified ecosystem to generate high risk-adjusted returns.

You can sell covered calls on Rithm Capital Corp. 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 RITM (prices last updated Tue 4:16 PM ET):

Rithm Capital Corp. (RITM) Stock Quote
Last Change Bid Ask Volume P/E Market Cap
10.15 +0.14 10.09 10.17 10.4M 10 5.6
Covered Calls For Rithm Capital Corp. (RITM)
Expiration Strike Call Bid Net Debit Return
If Flat		 Annualized
Return If Flat
Mar 20 10 0.30 9.87 1.3% 19.0%
Apr 17 10 0.35 9.82 1.8% 12.4%
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Rithm Capital Corp. (NYSE: RITM), formerly New Residential Investment Corp., is a leading global alternative asset manager headquartered in New York. The company operates as an internally managed Real Estate Investment Trust (REIT), integrating operating companies with a vast investment portfolio. Rithm’s unique "owner-operator" model allows it to source, finance, and manage assets across the mortgage and real estate value chain. By combining industrial-scale mortgage platforms with sophisticated asset management, Rithm maintains a flexible capital structure capable of performing throughout various interest rate and economic cycles.

Core Business and Products

  1. Mortgage Origination and Servicing: Operating primarily through Newrez and Caliber Home Loans, Rithm is a top-five non-bank mortgage servicer in the U.S. This segment manages a massive portfolio of Mortgage Servicing Rights (MSRs), providing steady fee-based income and a natural hedge against rising interest rates.
  2. Residential Transitional Lending: Through Genesis Capital, the company provides short-term business-purpose loans for "fix-and-flip" projects and residential construction. This segment captures high-yield opportunities in the housing supply market.
  3. Asset Management: With the acquisition of Sculptor Capital Management and Crestline, Rithm has expanded its fee-generating AUM. This segment manages alternative investments across corporate credit, real estate, and multi-strategy hedge funds for institutional clients.
  4. Investment Portfolio: Rithm maintains a diversified balance sheet including single-family rental (SFR) properties, consumer loans, and mortgage-backed securities (MBS), utilizing securitization to optimize financing costs.

Competitive Landscape

Rithm operates in a complex intersection of mortgage finance and alternative asset management. In the mortgage REIT and servicing space, it competes with Annaly Capital Management and AGNC Investment Corp. for investor capital. For specialized residential and commercial lending, it overlaps with Starwood Property Trust and Apollo Commercial Real Estate. In the broader asset management arena, it faces competition from Blackstone and Arbor Realty Trust. Rithm distinguishes itself by its vertical integration, owning the platforms that originate the very assets it manages.

Strategic Outlook and Innovation

Rithm’s 2026 strategy focuses on transitioning further into a global alternative asset manager while scaling its "asset-based finance" (ABF) capabilities. The company is prioritizing growth in its fee-paying AUM, leveraging the specialized expertise of Sculptor and the recently acquired Crestline platform. By diversifying away from pure balance-sheet risk and toward capital-light management fees, Rithm aims to achieve a more stable valuation and a higher return on equity. This shift is supported by a disciplined 10% target for origination growth within its residential lending segments.

Innovation is centered on the "Newrez" digital ecosystem and the integration of AI-driven customer recapture tools. Rithm is investing heavily in data science to improve lead generation and mortgage retention, aiming to lower the cost per loan and increase lifetime customer value. Additionally, the company is exploring expansion into the private equity and infrastructure sectors to further diversify its revenue streams. By utilizing predictive analytics to monitor credit health across its $100 billion in investable assets, Rithm seeks to maintain its defensive posture while capturing market dislocations in commercial real estate.