Shareholders of Teekay Tankers Ltd (NYSE: TNK) may enhance their income by selling the August 2026 covered call at a $60 strike, collecting a premium of $4.40, which yields an additional annualized return of 12.2%. This could bring the total annualized rate of return to 14% if the stock is not called away. If the stock price rises above $60, shareholders would gain a total of 17.9%, factoring in the dividends already collected.
In mid-afternoon trading on Monday, the put volume among S&P 500 components was 958,732 contracts, while call volume reached 2.08 million, resulting in a put:call ratio of 0.46. This figure indicates a preference for call options compared to puts, as it is lower than the long-term median put:call ratio of 0.65.
