Corporate bonds are near all-time highs as yield seekers are looking to improve on low yields from government bonds.  The iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) is one of the most popular vehicles for getting exposure to high quality corporate bonds.  However, the dividend yield is only 2.3% for LQD, and the stock itself doesn’t have a lot of upside left.  As such, a strategist is using a covered call position to effectively double the divided the stock will pay over the next couple months.