Shareholders of AvalonBay Communities, Inc. (AVB) looking to boost their income beyond the stock's 3.2% annualized dividend yield can sell the December covered call at the $220 strike and collect the premium based on the $6.00 bid, which annualizes to an additional 6.7% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 10% annualized rate in the scenario where the stock is not called away..