How To YieldBoost TRN From 3.9% To 3751.7% Using Options
June 13, 2024 at 11:36 AM EDT
Shareholders of Trinity Industries, Inc. (TRN) looking to boost their income beyond the stock's 3.9% annualized dividend yield can sell the June covered call at the $34 strike and collect the premium based on the $23.60 bid, which annualizes to an additional 3747.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 3751.7% annualized rate in the scenario where the stock is not called away..
