Shareholders of Bunge Global SA (NYSE: BG) can enhance their income by selling a January 2028 covered call at a $135 strike price, collecting a premium priced at $6.50 per share. This strategy could yield an additional 3% return, raising the total annualized yield to 5.6% if the stock is not called away. The stock would need to increase by 24.8% to be called, which would result in a combined return of 30.8%, including dividends.
As of the latest trading update, the stock price stands at $109.15, with a trailing twelve-month volatility of 32%. In the S&P 500, call volume reached 1.93 million contracts compared to 1.15 million puts, resulting in a put-call ratio of 0.60, indicating a preference for calls among traders.
