How To YieldBoost MINI To 11.2% Using Options
May 13, 2015 at 11:36 AM EDT
Shareholders of Mobile Mini, Inc. (MINI) looking to boost their income beyond the stock's 2% annualized dividend yield can sell the November covered call at the $40 strike and collect the premium based on the $1.80 bid, which annualizes to an additional 9.2% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11.2% annualized rate in the scenario where the stock is not called away..