Erie Indemnity Company - Class A (ERIE) Covered Calls
Erie Indemnity Co provides sales, underwriting and policy issuance services to the policyholders of Erie Insurance Exchange. It also operates as a property & casualty insurer through its wholly-owned subsidiaries.
You can sell covered calls on Erie Indemnity Company - Class A 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 ERIE (prices last updated Fri 4:16 PM ET):
| Erie Indemnity Company - Class A (ERIE) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 246.91 | +3.88 | 242.70 | 249.84 | 121K | 25 | 11 |
| Covered Calls For Erie Indemnity Company - Class A (ERIE) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Mar 20 | 250 | 2.60 | 247.24 | 1.1% | 50.2% | |
| Apr 17 | 250 | 10.00 | 239.84 | 4.8% | 48.7% | |
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Extended Business Description
Erie Indemnity Co. is a multi-line insurance company. It offers auto, home, business and life insurance through its network of independent insurance agents. The company's primary function is to perform certain services for the exchange related to the sales, underwriting and issuance of policies on behalf of the exchange. It also operates as a property and casualty insurer through its wholly owned subsidiaries, Erie Insurance Co., Erie Insurance Co. of New York and Erie Insurance Property and Casualty Co. The company operates its business through four segments: Management Operations, Property and Casualty Insurance Operations, Life Insurance Operations and Investment Operations. The Management Operations segment consists of indemnity serving as attorney-in-fact for the exchange, as indemnity provides services to the Exchange relating to the sales, underwriting and issuance of policies. The Property and Casualty Insurance Operations segment includes personal and commercial lines. Personal lines consist primarily of personal auto and homeowners and are marketed to individuals. Commercial lines consist primarily of commercial multi-peril, commercial auto and workers compensation and are marketed to small- and medium-sized businesses. The Life Insurance Operations segment includes traditional and universal life insurance products and fixed annuities marketed to individuals using the same independent agency force utilized by the property and casualty insurance operations. The Investment Operations segment performance is evaluated based upon appreciation of assets, rate of return and overall return. Erie Indemnity was founded by Henry Orth Hirt and Ollie G. Crawford in April 4, 1925 and is headquartered in Erie, PA.
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Want more examples? ERIC Covered Calls | ERII 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.
You should consult with a qualified professional advisor and conduct your own due diligence before making any investment decisions. By using this website, you acknowledge that you are responsible for your own investment decisions and agree to release this site and its affiliates from any liability relating to your use of this information. See the OCC's Characteristics and Risks of Standardized Options for more info.
