Shareholders of Snap-On, Inc. (SNA) looking to boost their income beyond the stock's 2.4% annualized dividend yield can sell the June 2025 covered call at the $380 strike and collect the premium based on the $12.00 bid, which annualizes to an additional 6.6% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 9% annualized rate in the scenario where the stock is not called away..