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YieldBoost PTEN To 21.4% Using Options

Shareholders of Patterson-UTI Energy Inc. (PTEN) looking to boost their income beyond the stock's 3.9% annualized dividend yield can sell the February 2025 covered call at the $9 strike and collect the premium based on the 65 cents bid, which annualizes to an additional 17.5% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 21.4% annualized rate in the scenario where the stock is not called away..
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