Turning to the calls side of the option chain, the call contract at the $60.00 strike price has a current bid of 88 cents. If an investor was to purchase shares of HOG stock at the current price level of $55.90/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $60.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.91% if the stock gets called away at the September 21st expiration (before broker commissions). If course, a lot of upside could potentially be left on the table if HOG shares really soar, which is why looking at the trailing twelve month trading history for Harley-Davidson Inc, as well as studying the business fundamentals becomes important. Below is a chart showing HOG's trailing twelve month trading history, with the $60.00 strike highlighted in red:
September 21st Options Now Available For Harley-Davidson (HOG)
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