How To YieldBoost Raymond James Financial To 14.9% Using Options
June 23, 2017 at 11:35 AM EDT
Shareholders of Raymond James Financial, Inc. (RJF) looking to boost their income beyond the stock's 1.1% annualized dividend yield can sell the November covered call at the $77.50 strike and collect the premium based on the $4.30 bid, which annualizes to an additional 13.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 14.9% annualized rate in the scenario where the stock is not called away..