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Installed Building Products Inc (IBP) shareholders can enhance their income by selling a covered call for June 2026 at a $320 strike, collecting a premium of $17.30, which represents an annualized return of 11.6% against the current stock price of $268.74, resulting in a total annualized yield of 12.1% if the stock is not called away. For the stock to be called, it would need to climb 18.6%, providing a potential total return of 25.1%, including dividends collected.
As of mid-afternoon trading on Friday, the S&P 500 put volume was 830,798 contracts, while call volume reached 1.74 million, resulting in a put-to-call ratio of 0.48, indicating a preference for call options compared to puts. This ratio is significantly below the long-term median of 0.65, demonstrating heightened call activity in the market today.
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