Boost Your Income with Patterson-UTI Energy Inc. Covered Call Options

Investors can boost Patterson-UTI Energy's 4.1% dividend yield to 17% by selling the January 2027 covered call at $12, collecting a $1.05 premium. However, if the stock rises to $12 and is called away, any upside above $12 would be lost. The shareholder would have earned a 36.1% return from the current trading level if the stock is called. Dividend amounts can be unpredictable and tend to follow the company's profitability. The stock's historical volatility is 59%.