How To YieldBoost Harris Corp. To 15.3% Using Options

Shareholders of Harris Corp. (HRS) looking to boost their income beyond the stock's 2.4% annualized dividend yield can sell the February 2017 covered call at the $90 strike and collect the premium based on the $3.90 bid, which annualizes to an additional 13% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 15.3% annualized rate in the scenario where the stock is not called away..