How To YieldBoost Stage Stores From 23.8% To 33.3% Using Options

Shareholders of Stage Stores Inc. (SSI) looking to boost their income beyond the stock's 23.8% annualized dividend yield can sell the July covered call at the $5 strike and collect the premium based on the 10 cents bid, which annualizes to an additional 9.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 33.3% annualized rate in the scenario where the stock is not called away..