Shareholders of Iron Mountain Inc (NYSE: IRM) looking to boost their income beyond the stock's 3.7% annualized dividend yield can sell the January 2014 covered call at the $30 strike and collect the premium based on the $2.25 bid, which annualizes to an additional 12.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 16.5% annualized rate in the scenario where the stock is not called away. Any upside above $30 would be lost if...
Shareholders of Iron Mountain Inc (NYSE: IRM) looking to boost their income beyond the stock's 3.7% annualized dividend yield can sell the January 2014 covered call at the $30 strike and collect the premium based on the $2.25 bid, which annualizes to an additional 12.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 16.5% annualized rate in the scenario where the stock is not called away. Any upside above $30 would be lost if...
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