Shareholders of Parker Hannifin Corp (PH) can enhance their income by selling a November 2026 covered call at the $1,040 strike price, with a bid premium of $45.00, potentially yielding an additional 5.5% annualized return. When combined with the stock’s current 0.8% annual dividend yield, this could result in a total annualized return of 6.3%. PH shares must rise 17.3% to be called away, allowing a combined return of 22.4% if the options are fully realized.
The stock’s historical volatility stands at 32% based on the last 249 trading days, and current trading activity reflects a put-to-call ratio of 0.54 with 910,069 puts and 1.69 million calls, indicating a preference for calls among options traders.
