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Shareholders of Chemours Co (Symbol: CC) can enhance their income by selling a January 2027 covered call at the $22 strike, collecting a premium of $2.05, which annualizes to an additional 10% return. This can lead to a total of 12.4% annualized yield if the stock is not called away. The stock would need to rise 47.4% for the call to be executed, resulting in a 61.1% total return when accounting for dividends.
As of Wednesday afternoon trading, the put volume for S&P 500 components was 850,295 contracts, with call volume at 1.69 million, yielding a put:call ratio of 0.50. This compares to the long-term median of 0.65, indicating an unusually high preference for call options among traders today.
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