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Shareholders of LPL Financial Holdings Inc (LPLA) can enhance their income by selling covered calls at a $410 strike for December 2026. This action can yield a premium of $33.00, which translates to an 8.8% annualized return, resulting in a total potential yield of 9.2% if the stock is not called away. LPLA shares would need to rise 14.8% from the current price of $357.86 for the stock to be called, leading to a total return of 24% including dividends.
As of Monday, mid-afternoon trading showed put volume among S&P 500 components at 753,899 contracts and call volume at 1.40 million, indicating a put:call ratio of 0.54. This is significantly lower than the long-term median of 0.65, suggesting a strong preference for calls among traders today.
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