Strategy To YieldBoost Air Products & Chemicals From 2.4% To 6.1% Using Options

Shareholders of Air Products & Chemicals, Inc. (APD) looking to boost their income beyond the stock's 2.4% annualized dividend yield can sell the January 2018 covered call at the $160 strike and collect the premium based on the $8.60 bid, which annualizes to an additional 3.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 6.1% annualized rate in the scenario where the stock is not called away..