HOOK Dividend Type Payments
Although HOOK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on HOOKIPA Pharma Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
HOOKIPA Pharma Inc. (HOOK) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
1.02 | 1.10 | 1.04 | -0.10 | 399K | - | 0.0B |
HOOK Dividend-Like Income Using Covered Calls
With HOOK at 1.04, 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% | 0.03 | 0.0 |
5% | 0.05 | 0.0 |
10% | 0.10 | 0.0 |
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 HOOK Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 2.50 | 0.05 | 89 | 0.1 | 1.40 (134.6%) | |
Jan 16 | 2.50 | 0.05 | 180 | 0.0 | 1.40 (134.6%) |
5% Yield On HOOK Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 2.50 | 0.05 | 89 | 0.1 | 1.40 (134.6%) | |
Jan 16 | 2.50 | 0.05 | 180 | 0.0 | 1.40 (134.6%) |
10% Yield On HOOK Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 2.50 | 0.05 | 89 | 0.1 | 1.40 (134.6%) |
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1. | SLV dividend | 6. | IBIT dividend | 1. | MBX dividend | |
2. | NVDA dividend | 7. | TSLA dividend | 2. | EOSE dividend | |
3. | GLD dividend | 8. | AMZN dividend | 3. | WULF dividend | |
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5. | SPY dividend | 10. | QQQ dividend | 5. | NET dividend |
Want more examples? HON Dividend | HOPE Dividend