YieldBoost Gilead Sciences From 0.4% To 5.4% Using Options

Shareholders of Gilead Sciences, Inc. (GILD) looking to boost their income beyond the stock's 0.4% annualized dividend yield can sell the January 2017 covered call at the $140 strike and collect the premium based on the $8.75 bid, which annualizes to an additional 5% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 5.4% annualized rate in the scenario where the stock is not called away..
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