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Strategy To YieldBoost Fresh Del Monte Produce To 20.6% Using Options

Shareholders of Fresh Del Monte Produce Inc. (FDP) looking to boost their income beyond the stock's 0.9% annualized dividend yield can sell the June covered call at the $35 strike and collect the premium based on the $2.90 bid, which annualizes to an additional 19.7% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 20.6% annualized rate in the scenario where the stock is not called away..
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