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Teekay Tankers Ltd (TNK) shareholders can enhance their income by selling a November 2026 covered call at a $65 strike, yielding a premium of $5.30. This could translate into an additional 8.4% annualized return, resulting in a total of 10.2% if the stock is not called away. The current stock price is $54.37, indicating that the shares would need to rise by 19% for the option to be exercised.
As of Tuesday afternoon trading, the put volume among S&P 500 components was 944,380 contracts, while call volume reached 2.34 million, resulting in a put:call ratio of 0.40. This reflects a higher preference for call options compared to puts, contrasting the long-term median ratio of 0.65.
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