How To YieldBoost First Financial Holdings To 9.5%

Shareholders of First Financial Holdings Inc (NASD: SCBT) looking to boost their income beyond the stock's 1.4% annualized dividend yield can sell the December covered call at the $55 strike and collect the premium based on the $1.55 bid, which annualizes to an additional 8.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9.5% annualized rate in the scenario where the stock is not called away. Any upside above $55 would be l...