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eXp World Holdings Inc (Symbol: EXPI) is offering shareholders an opportunity to enhance their income by selling a March 2026 covered call at a $12.50 strike price. This could generate a premium of $1.00, which translates to an annualized return of 18.9%, bringing the total potential annualized rate to 20.8%, assuming the stock is not called away. Currently, EXPI shares are priced at $11.03, requiring a 13.5% increase for the stock to be called away, which would result in a total return of 22.6% for shareholders, including dividends.
As of mid-afternoon trading on Friday, put volume among S&P 500 components was reported at 1.02 million contracts, while call volume rose to 2.29 million contracts, resulting in a put:call ratio of 0.44. This high call volume suggests that buyers show a strong preference for calls relative to puts, compared to the long-term median put:call ratio of 0.65.
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