Strategy To YieldBoost Red Rock Resorts From 2.2% To 17.3% Using Options
Shareholders of Red Rock Resorts Inc (Symbol: RRR) looking to boost their income beyond the stock’s 2.2% annualized dividend yield can sell the October covered call at the $49 strike and collect the premium based on the $2.85 bid, which annualizes to an additional 15.1% rate of