YieldBoost Scripps To 21.1% Using Options

Sell the October covered call on Scripps (SSP) at the $6 strike to collect the $0.35 bid premium, which annualizes to ~15.8%. The stock yields 5.3% annually, so the covered-call premium would increase total annualized return potential to roughly 21.1% (5.3% + 15.8%), while capping upside at $6. This is an income-enhancement, yield-focused trade appropriate for shareholders willing to limit capital appreciation beyond the strike.

Analysis

Sell the October covered call on Scripps (SSP) at the $6 strike to collect the $0.35 bid premium, which annualizes to ~15.8%. The stock yields 5.3% annually, so the covered-call premium would increase total annualized return potential to roughly 21.1% (5.3% + 15.8%), while capping upside at $6. This is an income-enhancement, yield-focused trade appropriate for shareholders willing to limit capital appreciation beyond the strike.