How To YieldBoost Marriott Vacations Worldwide Corp. From 1.4% To 11.5% Using Options

Shareholders of Marriott Vacations Worldwide Corp. (VAC) looking to boost their income beyond the stock's 1.4% annualized dividend yield can sell the July 2017 covered call at the $95 strike and collect the premium based on the $5.50 bid, which annualizes to an additional 10.2% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11.5% annualized rate in the scenario where the stock is not called away..