YieldBoost Chemours From 4.9% To 20.5% Using Options

Shareholders of Chemours Co (CC) looking to boost their income beyond the stock's 4.9% annualized dividend yield can sell the April 2025 covered call at the $24 strike and collect the premium based on the $1.40 bid, which annualizes to an additional 15.5% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 20.5% annualized rate in the scenario where the stock is not called away. Any upside above $24 would be lost if the stock rises there and is called away, but CC shares would have to climb 18.2% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 25.1% return from this trading level, in addition to any dividends collected before the stock was called.