APP Dividend Type Payments

Although APP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Applovin Corporation - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:10 PM ET):

Applovin Corporation - Class A (APP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
391.39	391.70	391.69	+10.78	5.2M	69	129B

APP Dividend-Like Income Using Covered Calls

With APP at 391.69, 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%	11.75	3.2
5%	19.58	5.4
10%	39.17	10.7

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 APP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	390.00	35.90	37	92.4	0.00 (0.0%)
Jun 6	390.00	20.90	10	192.0	0.00 (0.0%)

5% Yield On APP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	390.00	35.90	37	92.4	0.00 (0.0%)
Jun 6	390.00	20.90	10	192.0	0.00 (0.0%)

10% Yield On APP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	390.00	35.90	37	92.4	0.00 (0.0%)
Jun 6	390.00	20.90	10	192.0	0.00 (0.0%)

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