How To YieldBoost MINI From 3.2% To 17.3% Using Options
May 08, 2017 at 11:52 AM EDT
Shareholders of Mobile Mini, Inc. (MINI) looking to boost their income beyond the stock's 3.2% annualized dividend yield can sell the August covered call at the $30 strike and collect the premium based on the $1.10 bid, which annualizes to an additional 14% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 17.3% annualized rate in the scenario where the stock is not called away..