Investors in PGT Inc (PGTI) saw new options begin trading this week, for the January 2014 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the PGTI options chain for the new January 2014 contracts and identified the following call contract of particular interest.The call contract at the $10.00 strike price has a current bid of 20 cents. If an investor was to purchase shares of PGTI stock at the current price level of $9.41/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $10.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 8.40% if the stock gets called away at the January 2014 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if PGTI shares really soar, which is why looking at the trailing twelve month trading history for PGT Inc, as well as studying the business fundamentals becomes important. Below is a chart showing PGTI's trailing twelve month trading history, with the $10.00 strike highlighted in red:
First Week of January 2014 Options Trading For PGT (PGTI)
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