Shareholders of FTAI Infrastructure Inc (FIP) looking to boost their income beyond the stock's 1.8% annualized dividend yield can sell the December covered call at the $7 strike and collect the premium based on the $1.15 bid, which annualizes to an additional 19.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 20.9% annualized rate in the scenario where the stock is not called away. Any upside above $7 would be lost if the stock rises there and is called away, but FIP shares would have to climb 3.4% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 20.4% return from this trading level, in addition to any dividends collected before the stock was called.