Shareholders of Argan Inc (Symbol: AGX) can enhance their income by selling a November 2027 covered call at a $940 strike price, collecting a premium based on a $105.00 bid. This strategy could yield a total annualized return of 15.1%, which includes the stock’s current 0.3% dividend yield. The stock would need to climb 67.4% for it to be called away, providing shareholders an 86.1% return along with any dividends collected prior to that.
As of mid-afternoon trading on Friday, Argan Inc’s stock was priced at $565.44, with a trailing twelve-month volatility of 76%. In broader S&P 500 trading, the put volume was 3.04 million contracts versus 6.19 million call contracts, resulting in a low put:call ratio of 0.49, indicating a strong preference for calls among buyers.
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