“`html
United Rentals Inc (Symbol: URI) shareholders can enhance their income by selling a covered call at the $1420 strike price for January 2028, collecting a premium that annualizes to an added 3.8% return on the current stock price of $1014.15, which is already yielding 0.7%. If the stock is called away at $1420, shareholders would see a total return of 49.6%, assuming the stock rises by 41% and they have collected dividends prior to the call.
As of mid-afternoon trading on Tuesday, the put volume among S&P 500 components was 616,962 contracts, while call volume reached 1.27 million, resulting in a put:call ratio of 0.48—indicating a preference for calls compared to puts. This figure is significantly lower than the long-term median put:call ratio of 0.65, reflecting high call activity in current options trading.
“`