Sell the January 2027 covered call on Patterson-UTI (PTEN) at the $12 strike to collect the $1.05 bid premium, which the article states annualizes to roughly 12% on top of the stock's 4.1% dividend yield. This is presented as an income-enhancing covered-call strategy that generates extra yield while capping upside at $12 through Jan 2027.
Sell the January 2027 covered call on Patterson-UTI (PTEN) at the $12 strike to collect the $1.05 bid premium, which the article states annualizes to roughly 12% on top of the stock's 4.1% dividend yield. This is presented as an income-enhancing covered-call strategy that generates extra yield while capping upside at $12 through Jan 2027.
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