YieldBoost Scotts Miracle-Gro From 4.2% To 16% Using Options

Shareholders of Scotts Miracle-Gro Co (Symbol: SMG) looking to boost their income beyond the stock’s 4.2% annualized dividend yield can sell the March 2026 covered call at the $70 strike and collect the premium based on the $4.30 bid, which annualizes to an additional 11.8% rate