ICE Dividend Type Payments

Although ICE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Intercontinental Exchange Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:20 PM ET):

Intercontinental Exchange Inc. (ICE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
151.84	151.87	151.85	-5.42	2.3M	30	90B

ICE Dividend-Like Income Using Covered Calls

With ICE at 151.85, 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%	4.56	1.2
5%	7.59	2.1
10%	15.19	4.2

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 ICE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	155.00	2.45	52	4.7	3.13 (2.1%)
Nov 21	155.00	2.85	24	11.9	3.13 (2.1%)

5% Yield On ICE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	155.00	2.45	52	4.7	3.13 (2.1%)
Nov 21	155.00	2.85	24	11.9	3.13 (2.1%)

10% Yield On ICE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	155.00	2.45	52	4.7	3.13 (2.1%)
Nov 21	155.00	2.85	24	11.9	3.13 (2.1%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	INTC dividend	1.	ALGN dividend
2.	KVUE dividend	7.	TLT dividend	2.	GHRS dividend
3.	NVDA dividend	8.	EEM dividend	3.	IREN dividend
4.	SLV dividend	9.	HYG dividend	4.	TERN dividend
5.	GLD dividend	10.	QQQ dividend	5.	HTZ dividend

Want more examples? IBUY Dividend | ICF Dividend