INSP Dividend Type Payments
Although INSP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Inspire Medical Systems, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:05 AM ET):
| Inspire Medical Systems, Inc. (INSP) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 130.46 | 131.69 | 131.08 | -0.13 | 14K | 61 | 3.9B |
INSP Dividend-Like Income Using Covered Calls
With INSP at 131.08, 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% | 3.93 | 1.1 |
| 5% | 6.55 | 1.8 |
| 10% | 13.11 | 3.6 |
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 INSP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 135.00 | 5.30 | 16 | 33.1 | 3.31 (2.5%) | |
| Sep 19 | 135.00 | 9.00 | 51 | 17.6 | 3.31 (2.5%) | |
| 5% Yield On INSP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 135.00 | 5.30 | 16 | 33.1 | 3.31 (2.5%) | |
| Sep 19 | 135.00 | 9.00 | 51 | 17.6 | 3.31 (2.5%) | |
| 10% Yield On INSP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 135.00 | 5.30 | 16 | 33.1 | 3.31 (2.5%) | |
| Sep 19 | 135.00 | 9.00 | 51 | 17.6 | 3.31 (2.5%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | IBIT dividend | 1. | ROKU dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | BE dividend | |
| 3. | GLD dividend | 8. | QQQ dividend | 3. | LUMN dividend | |
| 4. | IWM dividend | 9. | AMZN dividend | 4. | RDDT dividend | |
| 5. | SPY dividend | 10. | INTC dividend | 5. | NET dividend | |
Want more examples? INSM Dividend | INSW Dividend
