Shareholders of Selective Insurance Group Inc (SIGI) looking to boost their income beyond the stock's 1.5% annualized dividend yield can sell the June covered call at the $120 strike and collect the premium based on the $115.00 bid, which annualizes to an additional 5739.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 5741.5% 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 SIGI shares would have to advance 31.3% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 157.1% return from this trading level, in addition to any dividends collected before the stock was called.