Strategy To YieldBoost Sealed Air Corp. From 1.6% To 8.3% Using Options

Shareholders of Sealed Air Corp. (SEE) looking to boost their income beyond the stock's 1.6% annualized dividend yield can sell the January 2015 covered call at the $36 strike and collect the premium based on the $1.10 bid, which annualizes to an additional 6.7% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 8.3% annualized rate in the scenario where the stock is not called away..