Shareholders of Constellation Energy Corp (CEG) looking to boost their income beyond the stock's 0.5% annualized dividend yield can sell the January 2027 covered call at the $440 strike and collect the premium based on the $38.40 bid, which annualizes to an additional 6.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 7.3% annualized rate in the scenario where the stock is not called away. Any upside above $440 would be lost if the stock rises there and is called away, but CEG shares would have to climb 53.3% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 66.7% return from this trading level, in addition to any dividends collected before the stock was called.