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Shareholders of Century Communities Inc (CCS) can enhance their income through a December covered call at the $75 strike, collecting a premium of $3.40, which annualizes to an additional 17.6% return based on the current stock price of $69.44. This brings the total potential annualized return to 19.3%, assuming the stock is not called away. If shares rise above $75 and are called, shareholders would realize a 13.6% return plus any dividends prior to the call.
As of mid-afternoon trading on Monday, Century Communities’ stock exhibits a trailing twelve-month volatility of 40%. In broader market activity, put volume among S&P 500 components reached 1.01 million contracts, while call volume hit 1.85 million, resulting in a put:call ratio of 0.54, indicating higher preference for calls compared to puts.
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