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Shareholders of U.S. Physical Therapy, Inc. (USPH) can sell a June 2026 covered call at the $80 strike, collecting a premium based on a $5.20 bid, which annualizes to an additional 13.1% return against the current share price of $73.66. This would bring the total potential annualized return to 15.6%, assuming the stock is not called away.
For the stock to be called, it would need to rise 8.9% to the $80 strike, resulting in a total return of 16% from the current trading level, plus any dividends received before the option is exercised. The stock’s trailing twelve-month volatility is calculated at 34%, offering insight for risk assessment in this options strategy.
As of Wednesday afternoon, the put volume among S&P 500 components was 859,694 contracts, while call volume reached 1.62 million, resulting in a put:call ratio of 0.53, indicating a preference for calls among traders.
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