Clean Harbors, Inc. (CLH) Covered Calls
Clean Harbors is a leading provider of environmental and industrial services throughout North America. The company specializes in the management of hazardous waste disposal, emergency spill response, and industrial cleaning. Through its Safety-Kleen subsidiary, it also operates as a major re-refiner and recycler of used oil. Clean Harbors serves a diverse range of customers, including Fortune 500 companies, small businesses, and government agencies.
You can sell covered calls on Clean Harbors, Inc. 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 CLH (prices last updated Fri 4:16 PM ET):
| Clean Harbors, Inc. (CLH) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 275.88 | -13.58 | 275.88 | 441.96 | 914K | 40 | 15 |
| Covered Calls For Clean Harbors, Inc. (CLH) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Apr 17 | 280 | 5.80 | 436.16 | -35.8% | -450.6% | |
| May 15 | 280 | 11.40 | 430.56 | -35.0% | -224.1% | |
| Subscribers get access to the full covered call chain, and more features. | ||||||
Want to make money with covered calls? Sign Up For A Free Trial
Clean Harbors operates as a critical infrastructure provider in the environmental services sector, maintaining a vast network of hazardous waste incinerators, landfills, and treatment facilities. The company is structured into two primary segments: Environmental Services and Safety-Kleen Sustainability Solutions. The former focuses on the collection, transportation, and disposal of hazardous materials, while the latter provides circular economy solutions through the collection and re-refining of used motor oil into high-quality base oils and lubricants.
The company maintains a significant competitive advantage through its ownership of hard-to-replicate permitted assets. Because new permits for hazardous waste facilities are extremely difficult to obtain due to regulatory hurdles and local opposition, the existing footprint creates a high barrier to entry. This infrastructure allows the company to handle complex waste streams that many regional players cannot process.
Competition
The competitive landscape for environmental services includes large-scale waste management firms and specialized hazardous waste processors. Key competitors that maintain national scale include Waste Management and Republic Services, both of which have expanded their presence in the industrial and hazardous waste segments. Other notable competitors in the specialized and regional waste markets include GFL Environmental and Waste Connections.
Strategic Outlook and Innovation
The strategic focus remains on expanding the Sustainability Solutions platform, driven by increasing corporate demand for circular economy practices. By leveraging its oil re-refining capabilities, the company helps clients reduce their carbon footprint by recycling waste products back into usable materials. This vertical integration provides a stable base of operations that is less sensitive to broader economic fluctuations compared to purely industrial services.
Operational efficiency is a core priority, with ongoing investments in logistics technology to optimize route density for waste collection. The company continues to evaluate strategic acquisitions that can tuck into its existing disposal network, aiming to increase utilization across its incinerator and landfill assets. Innovation efforts are centered on advanced chemical treatment methods and improving the yield of re-refined products to maintain a leadership position in the high-margin hazardous waste market.
| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV covered calls | 6. | SPY covered calls | 1. | REPL covered calls | |
| 2. | EEM covered calls | 7. | QQQ covered calls | 2. | CMPX covered calls | |
| 3. | NVDA covered calls | 8. | HYG covered calls | 3. | ONDS covered calls | |
| 4. | KWEB covered calls | 9. | EWZ covered calls | 4. | AAOI covered calls | |
| 5. | GLD covered calls | 10. | XLE covered calls | 5. | IBM covered calls | |
Want more examples? CLFD Covered Calls | CLIR 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.
