Shareholders of Genuine Parts Co. (GPC) looking to boost their income beyond the stock's 2.6% annualized dividend yield can sell the May covered call at the $220 strike and collect the premium based on the 5 cents bid, which annualizes to an additional 5.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 8.4% annualized rate in the scenario where the stock is not called away..