Shareholders of VAALCO Energy, Inc. (EGY) looking to boost their income beyond the stock's 3.5% annualized dividend yield can sell the October covered call at the $8 strike and collect the premium based on the 50 cents bid, which annualizes to an additional 13.3% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 16.8% annualized rate in the scenario where the stock is not called away..