**Wabtec Corp (WAB) Shareholders Consider Covered Call Strategy**
Wabtec Corp shareholders have the opportunity to enhance income through a covered call strategy involving the July 2026 call option at the $240 strike price. With the current stock price at $213.97, selling this call could yield an additional 5.7% annualized return based on a $7.10 premium, totaling a projected 6.2% annualized return if the stock is not called. Wabtec shares would need to rise 12.3% for the option to be exercised, resulting in a 15.6% overall return if this occurs.
As of Tuesday’s trading session, the overall options market showed 697,243 put contracts and 1.29 million call contracts among S&P 500 components, reflecting a put-call ratio of 0.54, indicating a preference for call options. This surge in call volume marks a shift compared to the long-term median put-call ratio of 0.65, suggesting a bullish sentiment among options traders.
