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How To YieldBoost Haynes International From 2.1% To 44.5% Using Options

Shareholders of Haynes International, Inc. (HAYN) looking to boost their income beyond the stock's 2.1% annualized dividend yield can sell the November covered call at the $45 strike and collect the premium based on the 15 cents bid, which annualizes to an additional 42.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 44.5% annualized rate in the scenario where the stock is not called away..
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