NEM Stock Today: Enhance The Yield In Gold Stocks With This Option In Newmont

Newmont (NEM), a gold, silver and copper mining giant recently added to IBD Leaderboard, also pays a healthy dividend of around 3.32% annualized. Savvy investors can further enhance the return from NEM stock though the use of covered calls.X According to Dow Jones Data, gold futures on Monday climbed 0.9% and made a new high of $2,433.90 an ounce.NEM Stock Today: The Trade SetupA covered call involves buying 100 shares of the underlying stock and simultaneously selling a call option against those shares. Se ...