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Boost Your Income With a Buy-Write on Ford

The yield on Ford Motor Company's (F) stock can be increased by buying the stock and selling the call LEAPs (Long-term Equity Anticipation Securities) for 2018 against the stock.

As the stock on Ford dropped by as much as 1.43% midday on Thursday after the company announced its profit dipped by 56% in the third quarter as a result of slower sales in the U.S. and recall, investors can take advantage of the decline and buy it even cheaper. To bump up the effective yield, write a covered call LEAP going to 2018, said Ron McCoy, a portfolio manager on...