Shareholders of Uniti Group Inc (UNIT) looking to boost their income beyond the stock's 22.1% annualized dividend yield can sell the January 2025 covered call at the $3 strike and collect the premium based on the 35 cents bid, which annualizes to an additional 22% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 44.1% annualized rate in the scenario where the stock is not called away. Any upside above $3 would be lost if the stock rises there and is called away, but UNIT shares would have to climb 10.7% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 23.6% return from this trading level, in addition to any dividends collected before the stock was called.