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YieldBoost MPC From 2.1% To 7.8% Using Options

Shareholders of Marathon Petroleum Corp. (MPC) looking to boost their income beyond the stock's 2.1% annualized dividend yield can sell the December 2026 covered call at the $200 strike and collect the premium based on the $13.60 bid, which annualizes to an additional 5.7% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 7.8% annualized rate in the scenario where the stock is not called away..

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Marathon Petroleum Corporation (MPC)