Shareholders of Snap-On, Inc. (SNA) looking to boost their income beyond the stock's 2.8% annualized dividend yield can sell the December covered call at the $280 strike and collect the premium based on the $10.00 bid, which annualizes to an additional 7.4% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 10.2% annualized rate in the scenario where the stock is not called away..