YieldBoost US Silica Holdings From 0.7% To 22.1% Using Options

Shareholders of US Silica Holdings, Inc. (SLCA) looking to boost their income beyond the stock's 0.7% annualized dividend yield can sell the September covered call at the $38 strike and collect the premium based on the $5.30 bid, which annualizes to an additional 21.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 22.1% annualized rate in the scenario where the stock is not called away..