YieldBoost Martin Marietta Materials To 11.3% Using Options

Shareholders of Martin Marietta Materials, Inc. (MLM) looking to boost their income beyond the stock's 1% annualized dividend yield can sell the January 2016 covered call at the $165 strike and collect the premium based on the $8.00 bid, which annualizes to an additional 10.3% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11.3% annualized rate in the scenario where the stock is not called away..