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Shareholders of Enpro Inc (NPO) can enhance their income by selling a June 2026 covered call at a $280 strike price, collecting a premium of $12.00, which translates to an 8.3% annualized return on the current stock price of $233.50. If the stock is called away, shareholders earn a total return of 25.1%, assuming NPO shares rise by 19.9% to hit the $280 strike.
The put volume among S&P 500 components on Tuesday reached 1.11 million contracts, compared to call volume at 2.05 million, resulting in a put:call ratio of 0.54. This indicates a strong preference for calls among buyers, contrasting with the long-term median put:call ratio of 0.65.
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