McGrath RentCorp (MGRC) Covered Calls
McGrath RentCorp is a business to business rental company with three rental products;; relocatable modular buildings, electronic test equipment and liquid and solid containment tanks and boxes.
You can sell covered calls on McGrath RentCorp 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 MGRC (prices last updated Mon 4:16 PM ET):
| McGrath RentCorp (MGRC) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 105.34 | -2.47 | 96.37 | 167.77 | 159K | 17 | 2.7 |
| Covered Calls For McGrath RentCorp (MGRC) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Mar 20 | 105 | 0.00 | 167.77 | -37.4% | -1137.6% | |
| Apr 17 | 105 | 0.00 | 167.77 | -37.1% | -338.5% | |
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Extended Business Description
McGrath RentCorp is a diversified business to business rental company with three rental divisions: relocatable modular buildings, electronic test equipment, and liquid and solid containment tanks and boxes. The company's primary emphasis is on equipment rentals and sales of equipment in the normal course of business. It operates through four business segments: (1) modular building and portable storage rental division (Mobile Modular) (2) electronic test equipment rental division (TRS-RenTelco) (3) wholly-owned subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids (Adler Tanks) and (4) wholly-owned subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular segment is designed for use as classrooms, temporary offices adjacent to existing facilities, sales offices, construction field offices, restroom buildings, health care clinics, child care facilities and office space. The TRS-RenTelco rents and sells electronic test equipment nationally and internationally from three facilities located in Grapevine, Texas (the Dallas facility) Dollard-des-Ormeaux, Canada (the Montreal facility) and Bangalore, Karnataka, India (the Bangalore facility). The Adler Tank segment rental inventory is comprised of tanks and boxes used for various containment solutions to store hazardous and non-hazardous liquids and solids in applications such as: oil and gas exploration and field services, refinery, chemical and industrial plant maintenance, environmental remediation and field services, infrastructure building construction, marine services, pipeline construction and maintenance, tank terminals services, wastewater treatment, and waste management and landfill services. The Enviroplex segment manufactures modular buildings for both public and private schools throughout California. Enviroplex manufactures a broad variety of building types, including classroom, library and restroom, childcare and administrative. The company was founded by Robert P. McGrath in 1979 and is headquartered in Livermore, CA.
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Want more examples? MGPI Covered Calls | MGTX Covered Calls
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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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