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La-Z-Boy Inc. (Symbol: LZB) shareholders can enhance their income by selling April 2026 covered calls at a $35 strike price, collecting a premium of $2.10 per share. This strategy could yield an annualized return of 17.8%, factoring in the current dividend yield of 2.8%, assuming shares are not called away. Should the stock reach $35, shareholders could see a total return of approximately 18.1%, with LZB shares needing to rise 11.4% for that scenario to unfold.
As of mid-afternoon trading on Wednesday, the put volume among S&P 500 components was 818,697 contracts, while call volume reached 1.67 million, resulting in a put:call ratio of 0.49. This ratio indicates significantly higher call volume compared to puts, reflecting a preference for calls among options traders.
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