YieldBoost SanDisk Corp. From 1.9% To 5.5% Using Options

Shareholders of SanDisk Corp. (SNDK) looking to boost their income beyond the stock's 1.9% annualized dividend yield can sell the January 2017 covered call at the $82.50 strike and collect the premium based on the $3.70 bid, which annualizes to an additional 3.6% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 5.5% annualized rate in the scenario where the stock is not called away..