Noteworthy ELME Call Options Set for July 2026
Covered Call Strategy: Investors can purchase ELME stock at $16.92 and sell a covered call at a $17.50 strike price, potentially earning a total return of 3.72% by July 2026, excluding dividends and commissions.
Risk of Expiration: The $17.50 strike is approximately 3% above the current price, with a 51% chance that the call contract may expire worthless, allowing investors to keep both the shares and the premium collected.
YieldBoost Calculation: If the covered call expires worthless, the premium collected would provide a 0.30% additional return, or 0.45% annualized, referred to as YieldBoost.
Volatility Insights: The implied volatility of the call contract is 29%, while the actual trailing twelve-month volatility is calculated at 24%, indicating different market expectations.
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S&P MidCap and SmallCap Index Changes Announced
- MidCap Addition: TTM Technologies (TTMI) will be added to the S&P MidCap 400 on January 30, 2026, highlighting its recognition in the information technology sector, which is expected to enhance its market liquidity and investor interest.
- MidCap Deletion: Civitas Resources (CIVI) will be removed from the S&P MidCap 400 on the same date, which may impact its stock performance and market confidence, reflecting its relative weakness in the energy sector.
- SmallCap Addition: Amneal Pharmaceuticals (AMRX) will join the S&P SmallCap 600 on January 30, 2026, strengthening its market position in the healthcare industry and likely attracting more investor attention.
- SmallCap Deletion: TTM Technologies (TTMI) will also be removed from the S&P SmallCap 600 on the same date, indicating its poor performance in the small-cap market, which may lead investors to reassess its investment value.

Changes to S&P MidCap 400 and SmallCap 600 Constituents
- Constituent Changes: TTM Technologies will replace Civitas Resources in the S&P MidCap 400 on January 30, indicating ongoing market interest in tech stocks, which may enhance TTMI's market liquidity.
- Acquisition Activity: SM Energy is acquiring Civitas Resources, expected to close soon, allowing SM Energy to retain its position in the SmallCap 600, thereby strengthening its competitive edge in the market.
- New Additions: Dutch Bros and Advanced Energy Industries will join the S&P MidCap 400 on February 2, highlighting growth potential in the consumer and tech sectors, which may attract more investor attention.
- Liquidation Impact: Elme Communities is undergoing liquidation, leading to its removal from the SmallCap 600, reflecting the market's emphasis on financial health, which could affect investor confidence in related stocks.






