YieldBoost SYMC From 1.2% To 4% Using Options
October 24, 2016 at 11:36 AM EDT
Shareholders of Symantec Corp. (SYMC) looking to boost their income beyond the stock's 1.2% annualized dividend yield can sell the January 2018 covered call at the $30 strike and collect the premium based on the 86 cents bid, which annualizes to an additional 2.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 4% annualized rate in the scenario where the stock is not called away..