How To YieldBoost PZZA From 0.8% To 12.9% Using Options

Shareholders of Papa John's International, Inc. (PZZA) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the October covered call at the $70 strike and collect the premium based on the $3.30 bid, which annualizes to an additional 12.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 12.9% annualized rate in the scenario where the stock is not called away..
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