YieldBoost Haynes International To 22.7% Using Options
December 08, 2016 at 11:39 AM EST
Shareholders of Haynes International, Inc. (HAYN) looking to boost their income beyond the stock's 1.9% annualized dividend yield can sell the March 2017 covered call at the $50 strike and collect the premium based on the $2.60 bid, which annualizes to an additional 20.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 22.7% annualized rate in the scenario where the stock is not called away..