How To YieldBoost Simpson Manufacturing To 9.8%

Shareholders of Simpson Manufacturing Co., Inc. (NYSE: SSD) looking to boost their income beyond the stock's 1.5% annualized dividend yield can sell the December covered call at the $35 strike and collect the premium based on the $1.05 bid, which annualizes to an additional 8.3% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9.8% annualized rate in the scenario where the stock is not called away. Any upside above $35 would be...