Shareholders of Qualcomm Inc (QCOM) looking to boost their income beyond the stock's 2% annualized dividend yield can sell the January 2027 covered call at the $250 strike and collect the premium based on the $12.55 bid, which annualizes to an additional 3.7% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 5.7% annualized rate in the scenario where the stock is not called away. Any upside above $250 would be lost if the stock rises there and is called away, but QCOM shares would have to climb 45.3% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 52.6% return from this trading level, in addition to any dividends collected before the stock was called.