YieldBoost Omega Protein Corp. To 11.9% Using Options
June 09, 2017 at 11:35 AM EDT
Shareholders of Omega Protein Corp. (OME) looking to boost their income beyond the stock's 1.1% annualized dividend yield can sell the November covered call at the $20 strike and collect the premium based on the 85 cents bid, which annualizes to an additional 10.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11.9% annualized rate in the scenario where the stock is not called away..