Shareholders of DHT Holdings Inc (DHT) looking to boost their income beyond the stock's 7.6% annualized dividend yield can sell the July covered call at the $13 strike and collect the premium based on the 50 cents bid, which annualizes to an additional 9.5% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 17.1% annualized rate in the scenario where the stock is not called away. Any upside above $13 would be lost if the stock rises there and is called away, but DHT shares would have to climb 13.3% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 17.7% return from this trading level, in addition to any dividends collected before the stock was called.