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 |
| 13.42 | 14.05 | 13.59 | +0.07 | 159K | - | 0.0B |
BATT Dividend-Like Income Using Covered Calls
With BATT at 13.59, 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% | 0.41 | 0.1 |
| 5% | 0.68 | 0.2 |
| 10% | 1.36 | 0.4 |
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 15 | 15.00 | 0.55 | 150 | 0.4 | 0.95 (7.0%) | |
| Feb 20 | 14.00 | 0.25 | 66 | 0.3 | 0.00 (0.0%) | |
| 5% Yield On BATT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 15.00 | 0.55 | 150 | 0.4 | 0.95 (7.0%) | |
| Feb 20 | 14.00 | 0.25 | 66 | 0.3 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | OMER dividend | |
| 2. | SPY dividend | 7. | NFLX dividend | 2. | TMC dividend | |
| 3. | IBIT dividend | 8. | SLV dividend | 3. | TLRY dividend | |
| 4. | QQQ dividend | 9. | XLF dividend | 4. | BMNR dividend | |
| 5. | TLT dividend | 10. | AMZN dividend | 5. | ALT dividend | |
Want more examples? BATRK Dividend | BAX Dividend
