BATT Dividend Type Payments
Although BATT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Amplify Lithium & Battery Technology ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Amplify Lithium & Battery Technology ETF (BATT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 10.50 | 11.00 | 10.81 | +0.14 | 32K | - | 0.0B |
BATT Dividend-Like Income Using Covered Calls
With BATT at 10.81, 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% | 0.32 | 0.1 |
| 5% | 0.54 | 0.1 |
| 10% | 1.08 | 0.3 |
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 BATT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 11.00 | 0.10 | 101 | 0.1 | 0.00 (0.0%) | |
| Feb 20 | 11.00 | 0.20 | 192 | 0.1 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IBIT dividend | 1. | COHR dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | QUBT dividend | |
| 3. | SPY dividend | 8. | GLD dividend | 3. | DLO dividend | |
| 4. | TSLA dividend | 9. | AMZN dividend | 4. | RCAT dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | CRML dividend | |
Want more examples? BATRK Dividend | BAX Dividend
