Strategy To YieldBoost Genuine Parts From 3.4% To 25.8% Using Options
Shareholders of Genuine Parts Co. (Symbol: GPC) looking to boost their income beyond the stock’s 3.4% annualized dividend yield can sell the May covered call at the $120 strike and collect the premium based on the $6.90 bid, which annualizes to an additional 22.4% rate of return
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