YieldBoost Bloomin' Brands From 0.3% To 16.7% Using Options

Shareholders of Bloomin' Brands Inc. (BLMN) looking to boost their income beyond the stock's 0.3% annualized dividend yield can sell the July covered call at the $25 strike and collect the premium based on the $1.10 bid, which annualizes to an additional 16.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 16.7% annualized rate in the scenario where the stock is not called away..