Shareholders of Louisiana-Pacific Corp (LPX) looking to boost their income beyond the stock's 1% annualized dividend yield can sell the May 2025 covered call at the $120 strike and collect the premium based on the $7.30 bid, which annualizes to an additional 10.7% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 11.6% 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 LPX shares would have to advance 11.2% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 17.9% return from this trading level, in addition to any dividends collected before the stock was called.