YieldBoost Methode Electronics From 1.4% To 18.7% Using Options

Shareholders of Methode Electronics, Inc. (MEI) looking to boost their income beyond the stock's 1.4% annualized dividend yield can sell the July covered call at the $30 strike and collect the premium based on the $1.90 bid, which annualizes to an additional 17.3% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 18.7% annualized rate in the scenario where the stock is not called away..