Shareholders of Monro Inc (Ticker: MNRO) can enhance their income by selling a January 2027 covered call at the $15 strike price, allowing them to collect a premium of $1.05. This strategy could yield an annualized return of 31.1%, combining the current 9.1% annualized dividend yield with an additional 22% rate of return, provided the stock is not called away. For MNRO shares to be called away, a 21.6% increase from current levels is necessary.
As of Thursday’s mid-afternoon trading, MNRO’s stock price stands at $12.32, with a trailing twelve-month volatility of 60%. In broader market activity, put volume among S&P 500 components was recorded at 3.17 million contracts, while call volume reached 6.44 million, resulting in a put-to-call ratio of 0.49, indicating a preference for call options among traders.
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