A covered call identified by MarketIntelligenceCenter.com's patented algorithms on Macy’s (M) could yield about 11.09% (21.80% annualized, for comparison purposes only) in 186 days. Pair a long position in the stock with the Aug 17, 2018 $23 call for a net debit of about $20.69. This position also has 14.26% downside protection.
For a less expensive, but riskier, option consider a diagonal spread using the same sold call and a long position in the Jan 18, 2019 $15 call for a net debit of about $6.08. While this trade has a higher yield at 31.14%, the downside protection falls to 14.26%.
Macy’s closed at $24.14 Feb 9, 2018. Technical indicators for M are bearish and support and resistance have been about $22.45 and $25.44, respectively.