How To YieldBoost Park-Ohio Holdings Corp. From 1.8% To 13.3% Using Options

Shareholders of Park-Ohio Holdings Corp. (PKOH) looking to boost their income beyond the stock's 1.8% annualized dividend yield can sell the September covered call at the $35 strike and collect the premium based on the $2.05 bid, which annualizes to an additional 11.6% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 13.3% annualized rate in the scenario where the stock is not called away..