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 |
| 8.55 | 8.75 | 8.61 | -0.16 | 22K | - | 0.0B |
BATT Dividend-Like Income Using Covered Calls
With BATT at 8.61, 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% | 0.26 | 0.1 |
| 5% | 0.43 | 0.1 |
| 10% | 0.86 | 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 | |
| Nov 21 | 10.00 | 0.15 | 176 | 0.1 | 1.25 (14.5%) | |
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| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | ALT dividend | |
| 2. | SPY dividend | 7. | EEM dividend | 2. | IONQ dividend | |
| 3. | SLV dividend | 8. | FXI dividend | 3. | BBAI dividend | |
| 4. | QQQ dividend | 9. | TSLA dividend | 4. | RGTI dividend | |
| 5. | GLD dividend | 10. | TLT dividend | 5. | LVWR dividend | |
Want more examples? BATRK Dividend | BAX Dividend
