YieldBoost CSL To 24.6% Using Options
May 23, 2024 at 13:26 PM EDT
Shareholders of Carlisle Companies Inc. (CSL) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the July covered call at the $580 strike and collect the premium based on the $15.70 bid, which annualizes to an additional 23.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 24.6% annualized rate in the scenario where the stock is not called away..
