IBUY Dividend Type Payments
Although IBUY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Amplify ETF Trust Amplify Online Retail 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 ETF Trust Amplify Online Retail ETF (IBUY) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 60.74 | 68.08 | 64.62 | -0.40 | 8K | - | 0.0B |
IBUY Dividend-Like Income Using Covered Calls
With IBUY at 64.62, 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% | 1.94 | 0.5 |
| 5% | 3.23 | 0.9 |
| 10% | 6.46 | 1.8 |
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 IBUY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 69.00 | 1.35 | 134 | 1.0 | 0.92 (1.4%) | |
| 5% Yield On IBUY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 69.00 | 1.35 | 134 | 1.0 | 0.92 (1.4%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | ALT dividend | |
| 2. | SPY dividend | 7. | TSLA dividend | 2. | VALE dividend | |
| 3. | TLT dividend | 8. | FXI dividend | 3. | AUPH dividend | |
| 4. | QQQ dividend | 9. | GLD dividend | 4. | HE dividend | |
| 5. | IWM dividend | 10. | INTC dividend | 5. | NMAX dividend | |
Want more examples? IBP Dividend | ICAD Dividend
