Shareholders of Argan Inc (AGX) can enhance their income by selling a January 2026 covered call at the $280 strike, collecting a premium with a bid of $21.70. This strategy could yield an additional 21.9% in annual returns, creating a total potential return of 22.6% if the stock is not called away. AGX shares must rise 21.6% to reach the $280 level, offering a 31.1% return, including prior dividends, if called.
The current stock price of Argan Inc is $234.48, with a trailing twelve-month volatility calculated at 67%. Additionally, as of Tuesday mid-afternoon trading, S&P 500 components showed a put volume of 927,965 compared to call volume of 1.58 million, resulting in a put:call ratio of 0.59, indicating a preference for calls among buyers.
