Shareholders of Braemar Hotels & Resorts Inc (BHR) looking to boost their income beyond the stock's 7.7% annualized dividend yield can sell the July covered call at the $5 strike and collect the premium based on the 10 cents bid, which annualizes to an additional 9.1% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 16.7% annualized rate in the scenario where the stock is not called away. Any upside above $5 would be lost if the stock rises there and is called away, but BHR shares would have to advance 92.3% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 96.2% return from this trading level, in addition to any dividends collected before the stock was called.