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YieldBoost MOV To 24.7% Using Options

Shareholders of Movado Group, Inc. (MOV) looking to boost their income beyond the stock's 8.5% annualized dividend yield can sell the December covered call at the $17.50 strike and collect the premium based on the $1.15 bid, which annualizes to an additional 16.2% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 24.7% annualized rate in the scenario where the stock is not called away..

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Movado Group Inc. (MOV)