Entravision Communications Corp. (Symbol: EVC) shareholders can enhance their income by selling November covered calls at a $15 strike price. With a current stock price of $11.28, the bid premium of $1.45 translates to an additional 45.7% annualized return. If the stock is called at $15, shareholders would achieve a total return of 44.8%, considering they initially invested at the current level and also factoring in dividends.
As of Monday afternoon, EVC’s trailing twelve-month volatility stands at 96%, indicating substantial price fluctuation. In the broader market, the S&P 500 has recorded put volume at 2.85 million contracts compared to 5.23 million call contracts, yielding a put-to-call ratio of 0.54, which suggests heightened call buying activity relative to puts.
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