In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Northern Oil & Gas Inc, looking at the dividend history chart for NOG below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 8.4% annualized dividend yield.
Below is a chart showing NOG's trailing twelve month trading history, with the $27 strike highlighted in red:
The chart above, and the stock's historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the December 2026 covered call at the $27 strike gives good reward for the risk of having given away the upside beyond $27. (Do most options expire worthless? This and six other common options myths debunked). We calculate the trailing twelve month volatility for Northern Oil & Gas Inc (considering the last 250 trading day closing values as well as today's price of $21.29) to be 53%. For other call options contract ideas at the various different available expirations, visit the NOG Stock Options page of StockOptionsChannel.com.
In mid-afternoon trading on Wednesday, the put volume among S&P 500 components was 556,468 contracts, with call volume at 1.01M, for a put:call ratio of 0.55 so far for the day. Compared to the long-term median put:call ratio of .65, that represents very high call volume relative to puts; in other words, buyers are preferring calls in options trading so far today. Find out which 15 call and put options traders are talking about today.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
