Shareholders of Allegiant Travel Company (ALGT) looking to boost their income beyond the stock's 4.4% annualized dividend yield can sell the May covered call at the $90 strike and collect the premium based on the 5 cents bid, which annualizes to an additional 33.6% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 38% annualized rate in the scenario where the stock is not called away. Any upside above $90 would be lost if the stock rises there and is called away, but ALGT shares would have to advance 65.5% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 65.6% return from this trading level, in addition to any dividends collected before the stock was called.