If LZB closes above $35 on February 16, we will be assigned and earn $1.70 per share on $33.30 per share at risk for a total return of 5.1%. Over 29 days, that would be a 64.2% annualized return.
On the buy write as presented, if DINO closes above $55 at expiration on February 16, we would earn $2.50 per share on $52.50 per share at risk, or 4.76%. Over 31 days, that would be an annualized return of 56%.
If VST closes above $40 at expiration on February 16, we would earn $1.45 per share on $38.55 per share at risk, or 3.76%. Over 31 days, that would be an annualized return of 44.3%.
On the buy write, if MOS closes above $37.50 at expiration in 45 days, you would earn $2.35 per share on $35.15 at risk, or 6.68%. On an annualized basis, that would be 54.2%.
If UTZ closes at or above $17.50 on January 19, we would be assigned and earn $1.55 per share on $15.95 per share at risk, or 9.72%. Over a holding period of 22 days, that would be an annualized return of 161.2%.