Shareholders of Broadcom Inc (AVGO) looking to boost their income beyond the stock's 1.1% annualized dividend yield can sell the January 2027 covered call at the $350 strike and collect the premium based on the $15.55 bid, which annualizes to an additional 3.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 5% 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 AVGO shares would have to advance 70.7% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 78.2% return from this trading level, in addition to any dividends collected before the stock was called.