Shareholders of General Mills Inc (GIS) looking to boost their income beyond the stock's 3.3% annualized dividend yield can sell the April 2025 covered call at the $75 strike and collect the premium based on the $4.30 bid, which annualizes to an additional 9.8% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 13% annualized rate in the scenario where the stock is not called away. Any upside above $75 would be lost if the stock rises there and is called away, but GIS shares would have to climb 1.9% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 7.7% return from this trading level, in addition to any dividends collected before the stock was called.