AIQ Dividend Type Payments
Although AIQ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Artificial Intelligence & Technology ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
| Global X Artificial Intelligence & Technology ETF (AIQ) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 51.00 | 51.34 | 51.30 | +0.14 | 758K | - | 4.1B |
AIQ Dividend-Like Income Using Covered Calls
With AIQ at 51.30, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
| Annual Yield | Annual Premium | Cents/Day |
|---|---|---|
| 3% | 1.54 | 0.4 |
| 5% | 2.57 | 0.7 |
| 10% | 5.13 | 1.4 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
| 3% Yield On AIQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 52.00 | 2.10 | 144 | 1.5 | 0.66 (1.3%) | |
| Jan 16 | 52.00 | 0.15 | 25 | 0.6 | 0.66 (1.3%) | |
| 5% Yield On AIQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 52.00 | 2.10 | 144 | 1.5 | 0.66 (1.3%) | |
| Feb 20 | 52.00 | 0.90 | 60 | 1.5 | 0.66 (1.3%) | |
| 10% Yield On AIQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 52.00 | 2.10 | 144 | 1.5 | 0.66 (1.3%) | |
| Feb 20 | 52.00 | 0.90 | 60 | 1.5 | 0.66 (1.3%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | OMER dividend | |
| 2. | INTC dividend | 7. | GLD dividend | 2. | TMC dividend | |
| 3. | TLT dividend | 8. | NIO dividend | 3. | DAWN dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | RARE dividend | |
| 5. | SLV dividend | 10. | SPY dividend | 5. | BMNR dividend | |
Want more examples? AIN Dividend | AIR Dividend
