YieldBoost Netapp To 6%

Shareholders of Netapp, Inc. (NASD: NTAP) looking to boost their income beyond the stock's 1.4% annualized dividend yield can sell the January 2015 covered call at the $50 strike and collect the premium based on the $2.64 bid, which annualizes to an additional 4.5% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 6% annualized rate in the scenario where the stock is not called away. Any upside above $50 would be lost if the sto...