How To YieldBoost Integrys Energy Group From 4.8% To 6%

Shareholders of Integrys Energy Group (NYSE: TEG) looking to boost their income beyond the stock's 4.8% annualized dividend yield can sell the May 2014 covered call at the $60 strike and collect the premium based on the 40 cents bid, which annualizes to an additional 1.1% 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 $60 would be lost if ...