YieldBoost GIFI To 15.1% Using Options

Shareholders of Gulf Island Fabrication, Inc. (GIFI) looking to boost their income beyond the stock's 0.3% annualized dividend yield can sell the April 2018 covered call at the $12.50 strike and collect the premium based on the 90 cents bid, which annualizes to an additional 14.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 15.1% annualized rate in the scenario where the stock is not called away..