GlobalFoundries Inc (GFS) shareholders can enhance their income by selling January 2028 covered calls at the $130 strike, collecting a premium of $16.50, which translates to an annualized return of 13.5%. This brings the total possible annualized yield to 14.1%, assuming the shares are not called away. Currently, GFS shares trade at $78.40, meaning they would need to rise 66.1% for the stock to be called, resulting in a potential return of 87.2% alongside any dividends collected.
As of Wednesday, mid-afternoon trading reflected a put volume of 2.93 million contracts among S&P 500 components, with call volume at 6.13 million, establishing a put-to-call ratio of 0.48. This is significantly lower than the long-term median ratio of 0.65, indicating today’s market favors call options among traders.
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