**Argan Inc. (AGX) Options Strategy Update**
Shareholders of Argan Inc. can enhance their income by selling December covered calls at a $1,030 strike, yielding a premium of $68.40, which translates to a potential 16.5% annualized return on the stock’s current price of $68.67. This could lead to a total annualized return of 16.8% if the stock is not called away, however, significant gains above $1,030 would be forfeited. A rise to this strike would require a 50.8% increase in the stock price from current levels, yielding a 60.8% return for shareholders.
In market activity on Monday, put options for S&P 500 components totaled 3.06 million contracts while call options reached 6.19 million contracts, resulting in a put-to-call ratio of 0.50, signaling stronger call buying interest compared to the long-term median of 0.65.
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