ARGX Dividend Type Payments
Although ARGX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on argenx SE - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):
| argenx SE - American Depositary Shares (ARGX) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 844.97 |
900.86 |
844.92 |
-5.03 |
100K |
52 |
0.0B |
ARGX Dividend-Like Income Using Covered Calls
With ARGX at 844.92, 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% |
25.35 |
6.9 |
| 5% |
42.25 |
11.6 |
| 10% |
84.49 |
23.1 |
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 ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| May 15 |
1000.00 |
25.70 |
141 |
18.2 |
99.14 (11.7%) |
| Jan 16 |
900.00 |
5.90 |
22 |
22.9 |
0.00 (0.0%) |
| 5% Yield On ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| May 15 |
1000.00 |
25.70 |
141 |
18.2 |
99.14 (11.7%) |
| Jan 16 |
900.00 |
5.90 |
22 |
22.9 |
0.00 (0.0%) |
| 10% Yield On ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| May 15 |
900.00 |
55.10 |
141 |
38.5 |
0.00 (0.0%) |
| Apr 17 |
900.00 |
44.70 |
113 |
38.8 |
0.00 (0.0%) |
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