YieldBoost Leucadia National Corp. From 0.9% To 15.1% Using Options

Shareholders of Leucadia National Corp. (LUK) looking to boost their income beyond the stock's 0.9% annualized dividend yield can sell the December covered call at the $27 strike and collect the premium based on the $1.50 bid, which annualizes to an additional 14.2% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 15.1% annualized rate in the scenario where the stock is not called away..