FNB Corp (Symbol: FNB) shareholders can enhance their income by selling August covered calls at the $20 strike, earning a premium of 20 cents, which translates to an annualized return of 70.1%. In total, this could lead to a combined annualized return of 73.3% if the stock remains below the strike price. Currently, FNB shares are priced at $14.91, meaning a significant 34.4% increase would be required for the stock to be called away.
As of Friday afternoon, FNB’s trailing twelve-month volatility was calculated at 34%. In the S&P 500, the put volume reached 1.28 million contracts with call volume at 2.39 million, resulting in a put:call ratio of 0.54, indicating a preference for calls among traders compared to the long-term median ratio of 0.65.
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