Strategy To YieldBoost Phillips 66 To 6.4% Using Options
30/7 17:34
Shareholders of Phillips 66 (Symbol: PSX) looking to boost their income beyond the stock's 3.8% annualized dividend yield can sell the January 2027 covered call at the $165 strike and collect the premium based on the $4.70 bid, which annualizes to an additional 2.6% rate of retu...