YieldBoost SXI From 1% To 12.3% Using Options

Shareholders of Standex International Corp. (SXI) looking to boost their income beyond the stock's 1% annualized dividend yield can sell the November covered call at the $80 strike and collect the premium based on the $5.70 bid, which annualizes to an additional 11.2% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 12.3% annualized rate in the scenario where the stock is not called away..