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Prudential Financial Inc (Symbol: PRU) is offering shareholders the option to enhance their income by selling covered calls at a $115 strike price for June 2026. This strategy could generate an annualized return of 8.7% based on a $5.10 bid, bringing the total potential yield to 13.5% if the stock is not called away. The share price currently stands at $111.28, needing a 3.2% increase to reach the $115 price point.
As of Monday afternoon trading, the overall put volume among S&P 500 components totaled 856,151 contracts, compared to 1.64 million call contracts, resulting in a put:call ratio of 0.52. This reflects a higher preference for call options in the current market environment, significantly below the long-term median ratio of 0.65.
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