Energizer Holdings Inc (Symbol: ENR) offers shareholders the opportunity to boost their income by selling November covered calls at a $25 strike price, collecting a premium of $1.15, which translates to an annualized return of 11% in addition to its existing 5.3% dividend yield. If the stock is called away, which requires an 11.1% price increase from the current price of $22.50, shareholders can achieve a total return of 16.3%.
As of mid-afternoon trading on Wednesday, the S&P 500 had a put volume of 907,553 contracts and a call volume of 1.62 million contracts, resulting in a put:call ratio of 0.56. This indicates a higher preference for call options among traders compared to the long-term median ratio of 0.65.
