Shareholders of VAALCO Energy, Inc. (EGY) looking to boost their income beyond the stock's 5.5% annualized dividend yield can sell the July covered call at the $5 strike and collect the premium based on the 25 cents bid, which annualizes to an additional 11.5% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 17.1% annualized rate in the scenario where the stock is not called away..