Shareholders of L3Harris Technologies Inc (LHX) looking to boost their income beyond the stock's 1.7% annualized dividend yield can sell the January 2028 covered call at the $350 strike and collect the premium based on the $15.70 bid, which annualizes to an additional 2.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 4% annualized rate in the scenario where the stock is not called away. Any upside above $350 would be lost if the stock rises there and is called away, but LHX shares would have to climb 23.2% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 28.7% return from this trading level, in addition to any dividends collected before the stock was called.

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