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 Fri 4:16 PM ET):

Amplify Lithium & Battery Technology ETF (BATT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
8.81	9.22	9.03	-0.08	54K	-	0.0B

BATT Dividend-Like Income Using Covered Calls

With BATT at 9.03, 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%	0.27	0.1
5%	0.45	0.1
10%	0.90	0.2

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
May 16	10.00	0.35	183	0.2	0.78 (8.6%)

5% Yield On BATT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	10.00	0.35	183	0.2	0.78 (8.6%)

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