Shareholders of International Game Technology PLC (IGT) looking to boost their income beyond the stock's 4.6% annualized dividend yield can sell the January 2027 covered call at the $22 strike and collect the premium based on the $1.50 bid, which annualizes to an additional 4.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 8.9% annualized rate in the scenario where the stock is not called away. Any upside above $22 would be lost if the stock rises there and is called away, but IGT shares would have to advance 26.9% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 35.5% return from this trading level, in addition to any dividends collected before the stock was called.