Shareholders of Pentair PLC (PNR) looking to boost their income beyond the stock's 0.9% annualized dividend yield can sell the January 2027 covered call at the $120 strike and collect the premium based on the $9.70 bid, which annualizes to an additional 4.3% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 5.2% annualized rate in the scenario where the stock is not called away. Any upside above $120 would be lost if the stock rises there and is called away, but PNR shares would have to climb 20.5% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 30.2% return from this trading level, in addition to any dividends collected before the stock was called.