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How To YieldBoost MLR From 1% To 64.8% Using Options

Shareholders of Miller Industries Inc. (MLR) looking to boost their income beyond the stock's 1% annualized dividend yield can sell the November covered call at the $80 strike and collect the premium based on the $1.05 bid, which annualizes to an additional 63.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 64.8% annualized rate in the scenario where the stock is not called away..
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