YieldBoost SNHY To 11.2%

Shareholders of Sun Hydraulics Corp. (NASD: SNHY) looking to boost their income beyond the stock's 1.1% annualized dividend yield can sell the December covered call at the $35 strike and collect the premium based on the $1.50 bid, which annualizes to an additional 10% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11.2% annualized rate in the scenario where the stock is not called away. Any upside above $35 would be lost if t...