Shareholders of Gladstone Land Corp (LAND) looking to boost their income beyond the stock's 4.2% annualized dividend yield can sell the May covered call at the $25 strike and collect the premium based on the 20 cents bid, which annualizes to an additional 78.9% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 83.2% annualized rate in the scenario where the stock is not called away. Any upside above $25 would be lost if the stock rises there and is called away, but LAND shares would have to advance 89.2% from current levels for that to occur, meaning that in the scenario where the stock is called, the shareholder has earned a 90.8% return from this trading level, in addition to any dividends collected before the stock was called.