YieldBoost Sonic Corp. To 14.8% Using Options

Shareholders of Sonic Corp. (SONC) looking to boost their income beyond the stock's 2.2% annualized dividend yield can sell the June covered call at the $27.50 strike and collect the premium based on the $1.30 bid, which annualizes to an additional 12.5% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 14.8% annualized rate in the scenario where the stock is not called away..