YieldBoost GES To 1189.2% Using Options
June 12, 2024 at 11:35 AM EDT
Shareholders of GUESS ?, Inc. (GES) looking to boost their income beyond the stock's 5.2% annualized dividend yield can sell the June covered call at the $44 strike and collect the premium based on the $6.70 bid, which annualizes to an additional 1184% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 1189.2% annualized rate in the scenario where the stock is not called away..
