Shareholders of Franklin BSP Realty Trust Inc (FBRT) looking to boost their income beyond the stock's 10.8% annualized dividend yield can sell the May covered call at the $25 strike and collect the premium based on the $14.00 bid, which annualizes to an additional 12913.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 12924.6% annualized rate in the scenario where the stock is not called away. Any upside above $25 would be lost if the stock rises there and is called away, but FBRT shares would have to climb 89.5% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 195.7% return from this trading level, in addition to any dividends collected before the stock was called.