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Shareholders of Weatherford International plc (WFRD) can enhance their income by selling a December 2026 covered call at the $105 strike, earning a premium of $4.90. This strategy could yield an additional 6.2% annualized return, totaling a potential 7.5% annualized rate if the stock is not called away. Currently, WFRD shares are priced at $75.92, meaning a rise to $105 would require a 38.3% increase, resulting in a 44.7% return including dividends.
The trailing twelve month volatility for Weatherford International is calculated at 54%, based on the last 249 trading days. In broader market activity, as of Monday afternoon, S&P 500 put volume stood at 753,899 contracts and call volume at 1.4 million, giving a put:call ratio of 0.54, indicating a preference for call options among traders.
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