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Shareholders of State Street Corp. (STT) have the opportunity to sell a June 2026 covered call at the $115 strike for a premium of $9.30, which could yield an additional 10.7% annualized return. This brings the total potential return to 13.6% annually, assuming the stock is not called away. The stock, currently priced at $112.95, would need to rise by 2.1% for the call to be exercised, resulting in a 10.4% return along with any dividends collected.
As of Monday afternoon trading, S&P 500 put volume stood at 1.01 million contracts, while call volume reached 1.85 million contracts, indicating a put:call ratio of 0.54, significantly lower than the long-term median of 0.65. This suggests a strong preference among buyers for call options in today’s trading.
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