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 Thu 4:16 PM ET):
argenx SE - American Depositary Shares (ARGX) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
440.00 | 700.00 | 596.20 | +8.61 | 301K | 46 | 0.0B |
ARGX Dividend-Like Income Using Covered Calls
With ARGX at 596.20, 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% | 17.89 | 4.9 |
5% | 29.81 | 8.2 |
10% | 59.62 | 16.3 |
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 | |
Aug 15 | 700.00 | 9.50 | 121 | 7.9 | 0.00 (0.0%) | |
Dec 19 | 700.00 | 30.00 | 247 | 12.1 | 0.00 (0.0%) |
5% Yield On ARGX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 19 | 700.00 | 30.00 | 247 | 12.1 | 0.00 (0.0%) | |
Nov 21 | 700.00 | 25.00 | 219 | 11.4 | 0.00 (0.0%) |
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Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | IWM dividend | 1. | STLA dividend | |
2. | SPY dividend | 7. | GLD dividend | 2. | UPST dividend | |
3. | TLT dividend | 8. | FXI dividend | 3. | NBIS dividend | |
4. | SLV dividend | 9. | TSLA dividend | 4. | HOOD dividend | |
5. | QQQ dividend | 10. | INTC dividend | 5. | RIOT dividend |
Want more examples? ARGT Dividend | ARI Dividend