YieldBoost California Resources To 34.2% Using Options

Sell the March covered call on California Resources (CRC) at the $72.50 strike for the $0.55 bid, which annualizes to a 31.6% premium; the stock also yields 2.6% annually. This is an income-oriented covered-call recommendation that would cap upside at $72.50 through March and, if premiums and dividend are realized, equates to ~34.2% combined annualized yield.

Analysis

Sell the March covered call on California Resources (CRC) at the $72.50 strike for the $0.55 bid, which annualizes to a 31.6% premium; the stock also yields 2.6% annually. This is an income-oriented covered-call recommendation that would cap upside at $72.50 through March and, if premiums and dividend are realized, equates to ~34.2% combined annualized yield.