Shareholders of IDEX Corporation (IEX) looking to boost their income beyond the stock's 1.3% annualized dividend yield can sell the January 2025 covered call at the $240 strike and collect the premium based on the $3.20 bid, which annualizes to an additional 3% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 4.4% annualized rate in the scenario where the stock is not called away. Any upside above $240 would be lost if the stock rises there and is called away, but IEX shares would have to climb 14.4% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 15.9% return from this trading level, in addition to any dividends collected before the stock was called.