Shareholders of United States Steel Corp. (NYSE: X) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the January 2016 covered call at the $35 strike and collect the premium based on the $1.16 bid, which annualizes to an additional 2.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 3.7% annualized rate in the scenario where the stock is not called away. Any upside above $35 would be los...
Shareholders of United States Steel Corp. (NYSE: X) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the January 2016 covered call at the $35 strike and collect the premium based on the $1.16 bid, which annualizes to an additional 2.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 3.7% annualized rate in the scenario where the stock is not called away. Any upside above $35 would be los...
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