Shareholders of Public Storage (PSA) can enhance their income by selling March 2026 covered calls at a $270 strike, which offers a premium of $10.80, equating to an annualized return of 15.8%. When combined with the stock’s current 4.5% dividend yield, this could result in a total annualized return of 20.3%, assuming the stock is not called away. The current stock price is $268.07, indicating a potential upside loss if PSA exceeds $270.
As of mid-afternoon trading on Wednesday, the put volume among S&P 500 components was 859,788 contracts, with call volume at 1.65 million, producing a put-call ratio of 0.52—indicating a preference for calls among traders. The long-term median put-call ratio stands at 0.65, suggesting heightened bullish sentiment in options trading today.
