Shareholders of Golden Ocean Group Ltd (GOGL) looking to boost their income beyond the stock's 8.7% annualized dividend yield can sell the January 2025 covered call at the $15 strike and collect the premium based on the 90 cents bid, which annualizes to an additional 11.7% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 20.4% annualized rate in the scenario where the stock is not called away. Any upside above $15 would be lost if the stock rises there and is called away, but GOGL shares would have to climb 8.8% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 15.3% return from this trading level, in addition to any dividends collected before the stock was called.