YieldBoost Myers Industries To 12.9% Using Options

Shareholders of Myers Industries Inc. (MYE) looking to boost their income beyond the stock's 3% annualized dividend yield can sell the March 2018 covered call at the $20 strike and collect the premium based on the 95 cents bid, which annualizes to an additional 9.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 12.9% annualized rate in the scenario where the stock is not called away..
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