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Profiting with Synthetic Annuities: Option Strategies to Increase Yield and Control Portfolio Risk by Michael Lovelady

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8. Synthetic Annuities for High-Yielding Stocks

If you are a CNBC Mad Money home gamer, you are probably familiar with some of Jim Cramer’s expressions:’ “Wait for a pullback,” “Schnitzel a little,” “Get paid to wait,” and “Take advantage of accidental high yielders.”

With a SynA, you can do all of these at once.

Getting Paid to Wait: International Paper

Monday September 19, 2011. Today on Mad Money, Jim Cramer recommended International Paper (IP). He said that buying a little now is a good idea. The company pays a dividend, and at the current price of $27.22, the yield is 3.8%. International Paper is a paper and packaging company that has performed well in spite of its cyclical business. If the stock price does fall, the yield goes up, and you ...

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