Investors in UDR Inc (UDR) saw new options become available today, for the March 22nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the UDR options chain for the new March 22nd contracts and identified the following call contract of particular interest.The call contract at the $25.0 strike price has a current bid of 10 cents. If an investor was to purchase shares of UDR stock at the current price level of $24.08/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $25.0. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 4.24% if the stock gets called away at the March 22nd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if UDR shares really soar, which is why looking at the trailing twelve month trading history for UDR Inc, as well as studying the business fundamentals becomes important. Below is a chart showing UDR's trailing twelve month trading history, with the $25.0 strike highlighted in red:
March 22nd Options Now Available For UDR
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