Shareholders of ONEOK Inc (OKE) looking to boost their income beyond the stock's 5.7% annualized dividend yield can sell the April 2026 covered call at the $75 strike and collect the premium based on the $5.00 bid, which annualizes to an additional 11.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 17.5% annualized rate in the scenario where the stock is not called away. Any upside above $75 would be lost if the stock rises there and is called away, but OKE shares would have to advance 3.3% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 10.2% return from this trading level, in addition to any dividends collected before the stock was called.

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