Strategy To YieldBoost Omnicom Group From 2.7% To 5.7% Using Options

Shareholders of Omnicom Group, Inc. (OMC) looking to boost their income beyond the stock's 2.7% annualized dividend yield can sell the July covered call at the $80 strike and collect the premium based on the $1.05 bid, which annualizes to an additional 2.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 5.7% annualized rate in the scenario where the stock is not called away..