JACK Dividend

Although JACK has a dividend of 0.44 with an ex-dividend date of Mar 20, you can sell covered calls on Jack In The Box Inc. 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):

Jack In The Box Inc. (JACK)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
34.05	35.81	35.03	-1.11	856K	-	0.7B

JACK Dividend-Like Income Using Covered Calls

With JACK at 35.03, 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%	1.05	0.3
5%	1.75	0.5
10%	3.50	1.0

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 JACK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	37.50	1.40	44	3.2	1.69 (4.8%)
Oct 17	37.50	4.20	227	1.9	1.69 (4.8%)

5% Yield On JACK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	37.50	1.40	44	3.2	1.69 (4.8%)
Oct 17	37.50	4.20	227	1.9	1.69 (4.8%)

10% Yield On JACK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	37.50	1.40	44	3.2	1.69 (4.8%)
Oct 17	37.50	4.20	227	1.9	1.69 (4.8%)

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

Top 10 Open Interest For Mar 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	KWEB dividend	1.	LUNR dividend
2.	SPY dividend	7.	QQQ dividend	2.	SMR dividend
3.	FXI dividend	8.	INTC dividend	3.	MDB dividend
4.	IWM dividend	9.	TSLA dividend	4.	RGTI dividend
5.	EEM dividend	10.	SLV dividend	5.	RUN dividend

Want more examples? JAAA Dividend | JADE Dividend