**Perrigo Company plc (Symbol: PRGO) shareholders can enhance their income by selling August covered calls at a $20 strike price, earning a premium of 40 cents. This yields a potential annualized return of 32.1%, combining with the current 10.9% annualized dividend yield. The stock must rise 88.3% for shareholders to forfeit their earnings if called. Currently, Perrigo shares are trading at approximately $10.63.**
**In mid-afternoon trading on Wednesday, the put volume among S&P 500 components was 2.62 million contracts, while call volume reached 4.48 million contracts, resulting in a put-to-call ratio of 0.58. This indicates a strong preference among buyers for call options when compared to the long-term median ratio of 0.65.**
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
