Steel Dynamics, Inc. (STLD) Covered Calls
Steel Dynamics, Inc. together with its subsidiaries is a domestic manufacturer of steel products and metals recycler.
You can sell covered calls on Steel Dynamics, 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 STLD (prices last updated Wed 4:16 PM ET):
| Steel Dynamics, Inc. (STLD) Stock Quote | ||||||
|---|---|---|---|---|---|---|
| Last | Change | Bid | Ask | Volume | P/E | Market Cap |
| 184.26 | +2.07 | 181.00 | 185.00 | 578K | 23 | 26 |
| Covered Calls For Steel Dynamics, Inc. (STLD) | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Net Debit | Return If Flat |
Annualized Return If Flat |
|
| Mar 20 | 185 | 4.60 | 180.40 | 2.5% | 91.2% | |
| Apr 17 | 185 | 9.50 | 175.50 | 5.7% | 54.7% | |
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Extended Business Description
Steel Dynamics, Inc. is a diversified carbon-steel steel producer and metals recycler in the U.S. It produces a wide array of steel - beams, bars, steel sheet, and more. The company operates its business through the following segments: Steel Operations, Metals Recycling & Ferrous Resources Operations and Steel Fabrication Operations. The Steel Operations segment consist of its electric arc furnace mini-mills, producing steel from steel scrap, utilizing continuous casting, automated rolling mills, and various downstream finishing facilities. The Metals Recycling & Ferrous Resources Operations segment primarily includes its metals recycling operations, liquid pig iron production facility, and Minnesota iron operations. Its Metals Recycling operations represent metals sourcing and processing operations and are the most significant source of income in this segment. Its metals recycling operations sell ferrous metals to steel mills and foundries, and nonferrous metals, such as copper, brass, aluminum and stainless steel to ingot manufacturers, copper refineries and mills, smelters, and specialty mills. The Steel Fabrication Operations segment includes New Millennium Building Systems plants, which fabricate steel joists, trusses, girders, and decking used within the non-residential construction industry. Steel Dynamics was founded by Keith E. Busse, Mark D. Millett, Richard P. Teets and John C. Bates in August 1993 and is headquartered in Fort Wayne, IN.
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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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