Higher aluminum prices are powering one former Dow component. Here's how to buy for less

Despite elevated aluminum production costs and shipment timing issues, Alcoa (AA) is strongly capitalizing on structurally higher prices. LME aluminum has recently surged to four-year highs, driven by geopolitical tensions in the Middle East and a tightening global supply balance. This favorable macro pricing environment creates a compelling opportunity for a buy-write (covered call) strategy to optimize returns while managing cyclical volatility. …