YieldBoost Old Dominion Freight Line To 6.5% Using Options

Shareholders of Old Dominion Freight Line, Inc. (ODFL) looking to boost their income beyond the stock's 0.6% annualized dividend yield can sell the January 2026 covered call at the $240 strike and collect the premium based on the $12.10 bid, which annualizes to an additional 5.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 6.5% annualized rate in the scenario where the stock is not called away..