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 Wed 12:15 PM ET):
| argenx SE - American Depositary Shares (ARGX) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 582.33 |
583.55 |
582.94 |
+8.40 |
183K |
- |
0.0B |
ARGX Dividend-Like Income Using Covered Calls
With ARGX at 582.94, 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% |
17.49 |
4.8 |
| 5% |
29.15 |
8.0 |
| 10% |
58.29 |
16.0 |
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 |
| Dec 20 |
590.00 |
14.70 |
31 |
47.4 |
6.45 (1.1%) |
| May 16 |
590.00 |
63.00 |
178 |
35.4 |
6.45 (1.1%) |
| 5% Yield On ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 20 |
590.00 |
14.70 |
31 |
47.4 |
6.45 (1.1%) |
| May 16 |
590.00 |
63.00 |
178 |
35.4 |
6.45 (1.1%) |
| 10% Yield On ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 20 |
590.00 |
14.70 |
31 |
47.4 |
6.45 (1.1%) |
| May 16 |
590.00 |
63.00 |
178 |
35.4 |
6.45 (1.1%) |
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