How To YieldBoost Thor Industries From 1.9% To 9.2% Using Options

Shareholders of Thor Industries, Inc. (NYSE: THO) looking to boost their income beyond the stock's 1.9% annualized dividend yield can sell the June 2015 covered call at the $60 strike and collect the premium based on the $2.00 bid, which annualizes to an additional 7.2% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9.2% annualized rate in the scenario where the stock is not called away. Any upside above $60 would be lost if ...