Shareholders of Alexandria Real Estate Equities Inc (ARE) looking to boost their income beyond the stock's 2.8% annualized dividend yield can sell the July covered call at the $145 strike and collect the premium based on the $3.40 bid, which annualizes to an additional 8.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 10.8% annualized rate in the scenario where the stock is not called away. Any upside above $145 would be lost if the stock rises there and is called away, but ARE shares would have to advance 2.5% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 4.9% return from this trading level, in addition to any dividends collected before the stock was called.