Shareholders of Franklin Street Properties Corp (FSP) looking to boost their income beyond the stock's 7.5% annualized dividend yield can sell the August covered call at the $5 strike and collect the premium based on the 5 cents bid, which annualizes to an additional 126.5% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 134% 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 FSP shares would have to advance 4% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 5% return from this trading level, in addition to any dividends collected before the stock was called.