Investors in Tetra Tech, Inc. (TTEK) saw new options become available this week, for the February 22nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the TTEK options chain for the new February 22nd contracts and identified the following call contract of particular interest.The call contract at the $30.00 strike price has a current bid of 25 cents. If an investor was to purchase shares of TTEK stock at the current price level of $28.80/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 5.03% if the stock gets called away at the February 22nd expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if TTEK shares really soar, which is why looking at the trailing twelve month trading history for Tetra Tech, Inc., as well as studying the business fundamentals becomes important. Below is a chart showing TTEK's trailing twelve month trading history, with the $30.00 strike highlighted in red:
First Week of February 22nd Options Trading For Tetra Tech (TTEK)
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