Strategy To YieldBoost Patterson-UTI Energy From 4.1% To 14% Using Options

Shareholders of Patterson-UTI Energy Inc. (PTEN) looking to boost their income beyond the stock's 4.1% annualized dividend yield can sell the January 2026 covered call at the $10 strike and collect the premium based on the 85 cents bid, which annualizes to an additional 9.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 14% annualized rate in the scenario where the stock is not called away..