Shareholders of Permian Resources Corp (PR) looking to boost their income beyond the stock's 1.7% annualized dividend yield can sell the January 2026 covered call at the $17 strike and collect the premium based on the $1.15 bid, which annualizes to an additional 5.7% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 7.4% annualized rate in the scenario where the stock is not called away. Any upside above $17 would be lost if the stock rises there and is called away, but PR shares would have to advance 19.1% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 27.1% return from this trading level, in addition to any dividends collected before the stock was called.