YieldBoost American Express Co. To 4.6% Using Options

Shareholders of American Express Co. (AXP) looking to boost their income beyond the stock's 1.8% annualized dividend yield can sell the January 2018 covered call at the $75 strike and collect the premium based on the $2.97 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 4.6% annualized rate in the scenario where the stock is not called away..