Shareholders of Enpro Inc (NPO) looking to boost their income beyond the stock's 0.8% annualized dividend yield can sell the May covered call at the $240 strike and collect the premium based on the 45 cents bid, which annualizes to an additional 54.6% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 55.4% annualized rate in the scenario where the stock is not called away. Any upside above $240 would be lost if the stock rises there and is called away, but NPO shares would have to climb 59.5% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 59.8% return from this trading level, in addition to any dividends collected before the stock was called.