CMI, buy today mid $97. Hold until June and receive the dividend of $.9750 in May. Sell a June $110 call for $1.50 premium. If your stock is called away your gain is north of 15%. If you still hold it even at $97.50 your income from the call premium and dividend equals 2.5% in less than 120 days.
See the table below.
Folks, this is good income investing.
M*TheMoneyMadam
Disclosure: Long CMI with calls