Walking Into 69% Annualized Return Potential With Wolverine World Wide Buy Write

If WWW closes above $12.50 at expiration on September 18, our shares will be sold at $12.50, producing a profit of $0.80 per share on $11.70 per share at risk for a total return of 6.84%. Over a 36-day holding period, the annualized return would be 69.3%.