YieldBoost Kelly Services From 2.1% To 12.2% Using Options
January 07, 2025 at 11:38 AM EST
Shareholders of Kelly Services, Inc. (KELYA) looking to boost their income beyond the stock's 2.1% annualized dividend yield can sell the May covered call at the $17.50 strike and collect the premium based on the 50 cents bid, which annualizes to an additional 10% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 12.2% annualized rate in the scenario where the stock is not called away..
