Strategy To YieldBoost J.M. Smucker From 4% To 8% Using Options

Shareholders of J.M. Smucker Co. (Symbol: SJM) looking to boost their income beyond the stock’s 4% annualized dividend yield can sell the January 2027 covered call at the $120 strike and collect the premium based on the $6.30 bid, which annualizes to an additional 3.9% rate of r