Just looked at SNAP's options chain and spotted something interesting for income traders. So back on April 2nd there were some solid covered call opportunities if you were holding the stock around $4.92. The $6.00 strike calls were trading at 10 cents, which doesn't sound like much but here's the math: if you bought shares and sold those calls against them, you'd be looking at roughly 24% total return if assigned by expiration. That's decent for a couple weeks of work. The premium alone adds about 2% on top, which annualizes to over 15% if the shares never get called away. And honestly, there was like a 57% chance of that happening too, meaning you keep your shares and pocket the premium. The thing is, SNAP's been volatile - they're showing 62% implied volatility in those contracts versus 59% actual volatility over the past year. So there's decent premium to collect but also real risk if the stock moves hard. You'd be capping your upside at that $6 level if it really runs, which is the tradeoff with covered calls. Worth considering if you're looking for yield on a position you're okay with selling at a 22% premium to current price. Anyway, that's the kind of setup worth tracking in your options chain.