**Ready Capital Corp (NYSE: RC) shareholders** can enhance their income by selling a December covered call at the $2 strike, potentially earning an additional 27.3% annualized return based on the current stock price of $1.66 and a bid premium of $0.20. This would yield a total of 29.7% if the stock is not called away. If the stock rises above $2, the shareholder would experience a 33.3% return from the current trading level, in addition to any dividends.
**As of Thursday afternoon**, the put volume among S&P 500 components stood at 2.33 million contracts, while call volume reached 4.94 million, resulting in a put:call ratio of 0.47. This indicates a preference for call options, with a significantly higher activity compared to puts, as it contrasts with the long-term median put:call ratio of 0.65.
**The trailing twelve-month volatility** for Ready Capital Corp is recorded at 55%, which may be an important factor for investors when considering the risk-reward profile of the covered call strategy.
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