How To YieldBoost BOLT From 2.1% To 16.6% Using Options

Shareholders of Bolt Technology Corp. (BOLT) looking to boost their income beyond the stock's 2.1% annualized dividend yield can sell the November covered call at the $17.50 strike and collect the premium based on the $1.05 bid, which annualizes to an additional 14.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 16.6% annualized rate in the scenario where the stock is not called away..