Shareholders of Coeur Mining Inc (CDE) have the opportunity to enhance their income by selling November covered calls at a $20 strike price, potentially earning a premium of $1.55. This strategy could yield an annualized return of 24.1%, boosting the total annualized return to approximately 24.3% if the stock remains under the strike price. If shares are called away, a 36.6% return can still be realized, contingent upon the stock increasing by 26.8% from its current trading price of $15.65.
Currently, Coeur Mining’s trailing twelve-month volatility is calculated at 73%, as observed from the last 251 trading days. In broader market activity, Wednesday’s trading volumes indicated 2.50 million put contracts and 4.39 million call contracts among S&P 500 components, resulting in a put-to-call ratio of 0.57, reflecting a preference for calls among options traders.
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