YieldBoost Bolt Technology Corp. To 9.9% Using Options

Shareholders of Bolt Technology Corp. (BOLT) looking to boost their income beyond the stock's 1.8% annualized dividend yield can sell the August covered call at the $22 strike and collect the premium based on the 65 cents bid, which annualizes to an additional 8.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9.9% annualized rate in the scenario where the stock is not called away..