![]() ![]() ![]() Stake SMSF Pty Ltd (‘Stake Super’) is not licensed to provide financial product advice under the Corporations Act. Stake is not authorised by Sanlam under Sanlam’s AFSL to arrange for clients to be issued with a non-cash payment facility as Sanlam is not authorised under its AFSL for this purpose. ![]() Stake is not authorised by Airwallex under Airwallex’s AFSL to arrange for clients to be issued with securities as Airwallex is not authorised under its AFSL for this purpose. 1241398) of Airwallex Pty Ltd (Australian Financial Services Licence No. 337927) ('Sanlam') and an authorised representative (Authorised Representative No. 1241398) of Sanlam Private Wealth Pty Ltd (Australian Financial Services Licence No. Stakeshop Pty Ltd, trading as Stake, ACN 610105505, is an authorised representative (Authorised Representative No. Open an account and start investing today! Its products are made in America at its vertically integrated site, Texas campus.īuy US stocks in Australia starting with WIRE. The Company serves various markets, such as healthcare, data center, airport expansion, military bases, oil and gas, transit, wastewater treatment, school construction, and power generation. The Company sells its products through manufacturers representatives to wholesale electrical distributors servicing the residential, commercial, industrial, and renewable energy sectors. The Company offers an electrical building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, USE-2, RHH/RHW-2 and other types of wire products, including service entrance unarmored (SEU), service entrance cable (SER), Photovoltaic, underground residential distribution wire (URD), tray cable, metal-clad and armored cable. sees its shares fall 4.9% and the contract is exercised (resulting in a cost basis of $136.90 per share before broker commissions, subtracting the $18.10 from $155), the only upside to the put seller is from collecting that premium for the 11.8% annualized rate of return.Encore Wire Corporation is a manufacturer of electrical wire and cables, which is used to distribute power from the transmission grid to the wall outlet or switch. ( Do options carry counterparty risk? This and six other common options myths debunked). And the person on the other side of the contract would only benefit from exercising at the $155 strike if doing so produced a better outcome than selling at the going market price. ![]() Selling a put does not give an investor access to WIRE's upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. Collecting that bid as the premium represents a 11.7% return against the $155 commitment, or a 11.8% annualized rate of return (at Stock Options Channel we call this the YieldBoost). One interesting put contract in particular, is the July 2024 put at the $155 strike, which has a bid at the time of this writing of $18.10. (Symbol: WIRE) stock, but tentative about paying the going market price of $162.54/share, might benefit from considering selling puts among the alternative strategies at their disposal. Investors eyeing a purchase of Encore Wire Corp. ![]()
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