Investors in Winnebago Industries, Inc. (WGO) saw new options begin trading today, for the December 21st expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the WGO options chain for the new December 21st contracts and identified the following call contract of particular interest.The call contract at the $30.00 strike price has a current bid of $1.65. If an investor was to purchase shares of WGO stock at the current price level of $29.54/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $30.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 7.14% if the stock gets called away at the December 21st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if WGO shares really soar, which is why looking at the trailing twelve month trading history for Winnebago Industries, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing WGO's trailing twelve month trading history, with the $30.00 strike highlighted in red:
Interesting WGO Call Options For December 21st
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