Strategy To YieldBoost Entravision Communications Corp. From 1.8% To 19.8% Using Options

Shareholders of Entravision Communications Corp. (EVC) looking to boost their income beyond the stock's 1.8% annualized dividend yield can sell the November covered call at the $7.50 strike and collect the premium based on the 60 cents bid, which annualizes to an additional 18.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 19.8% annualized rate in the scenario where the stock is not called away..