Unum Group Buy Write Offers 5.5% Return Potential Next 38 Days

For the buy write, if UNM closes above $37.50 in 38 days at expiration, the profit would be $1.95 per share on $35.55 at risk, or 5.5%. The annualized return, which you calculate by multiplying that return by 365 and dividing by the number of days in the position, would be 52.7%.