Alcoa Corporation (AA) Covered Calls
Alcoa Inc. is engaged in the production production and management of primary aluminum, fabricated aluminum, and alumina combined, through its active and growing participation in all major aspects of the industry: technology, mining, refining etc.
You can sell covered calls on Alcoa Corporation to lower risk and earn monthly income. Born To Sell's covered call screener gives you customized search capabilities across all possible covered calls but here are a couple of examples for AA (prices last updated Mon 4:16 PM ET):
| Alcoa Corporation (AA) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 61.16 | +1.51 | 60.60 | 62.00 | 6.9M | 14 | 15 |
| Covered Calls For Alcoa Corporation (AA) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Mar 20 | 61 | 3.10 | 58.90 | 3.7% | 113% | |
| Apr 17 | 60 | 6.15 | 55.85 | 7.6% | 69.3% | |
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Extended Business Description
Alcoa, Inc. engaged in lightweight metals engineering and manufacturing. Its products are used worldwide in aircraft, automobiles, commercial transportation, packaging, oil and gas, defense, and industrial applications. The company operates its business through four segments: Alumina, Primary Metals, Global Rolled Products and Engineered Products & Solutions. The Alumina segment consists of Alcoa's upstream operations and consists of the Company's worldwide refinery system, including the mining of bauxite, which is then refined into alumina. Alumina is mainly sold directly to internal and external smelter customers worldwide through agents, alumina traders, and distributors. The Primary Metals segment comprises of Alcoa's upstream operations and consists of the Company's worldwide smelter system. Primary Metals receives alumina, mostly from the Alumina segment, and produces primary aluminum used by Alcoa's fabricating businesses, as well as sold to external customers, aluminum traders, and commodity markets. The Global Rolled Products segment is involved in the production and sale of aluminum plate, sheet and foil. It includes rigid container sheet, which is sold directly to customers in the packaging and consumer market. The segment also includes sheet and plate used in the transportation, building and construction and distribution markets. The Engineered Products and Solutions segment is involved in the production and sale of titanium, aluminum and super alloy investment castings, hard alloy extrusions, forgings and fasteners, aluminum wheels, integrated aluminum structural systems and architectural extrusions. These products serve the aerospace, automotive, building and construction, commercial transportation, power generation and defense markets. Alcoa was founded by Charles Martin Hall on October 1, 1888 and is headquartered in New York, NY.
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Want more examples? A Covered Calls | AAAU Covered Calls
Risk Disclosure: Trading options involves significant risk and is not suitable for all investors. The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, tax, or legal advice. Nothing contained on this site is an offer to buy or sell, or a solicitation of an offer to buy or sell, any securities or financial instruments.
Covered Call Strategy Risks: While covered call writing is often considered a conservative options strategy, it is not without risk. By selling a covered call, you are limiting your potential upside profit from the underlying stock. You remain exposed to the full downside risk of owning the underlying stock. In the event of a significant decline in the stock price, the premium received may not be sufficient to offset your losses.
No Guarantee of Performance: Past performance is not indicative of future results. Any examples, calculations, or hypothetical scenarios presented on this site are for illustrative purposes only and do not guarantee future returns or outcomes. Market conditions, liquidity, and trading system failures can affect your ability to execute trades at desired prices.
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