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 |
523.05 |
548.60 |
536.70 |
+9.45 |
141K |
- |
0.0B |
ARGX Dividend-Like Income Using Covered Calls
With ARGX at 536.70, 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% |
16.10 |
4.4 |
5% |
26.84 |
7.4 |
10% |
53.67 |
14.7 |
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 ARGX Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
550.00 |
18.50 |
36 |
51.4 |
1.40 (0.3%) |
Oct 18 |
550.00 |
0.90 |
8 |
11.3 |
1.40 (0.3%) |
5% Yield On ARGX Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
550.00 |
18.50 |
36 |
51.4 |
1.40 (0.3%) |
Oct 18 |
550.00 |
0.90 |
8 |
11.3 |
1.40 (0.3%) |
10% Yield On ARGX Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
550.00 |
18.50 |
36 |
51.4 |
1.40 (0.3%) |
Dec 20 |
550.00 |
25.00 |
71 |
35.2 |
1.40 (0.3%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial