OPY Dividend Type Payments

Although OPY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Oppenheimer Holdings, Inc. Class A (DE) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:40 AM ET):

Oppenheimer Holdings, Inc. Class A (DE) (OPY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
66.46	67.02	66.74	+0.40	4K	10	0.7B

OPY Dividend-Like Income Using Covered Calls

With OPY at 66.74, 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%	2.00	0.5
5%	3.34	0.9
10%	6.67	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 OPY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	70.00	1.65	73	2.3	2.98 (4.5%)
Dec 19	70.00	3.80	164	2.3	2.98 (4.5%)

5% Yield On OPY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	70.00	1.65	73	2.3	2.98 (4.5%)
Dec 19	70.00	3.80	164	2.3	2.98 (4.5%)

10% Yield On OPY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	70.00	1.65	73	2.3	2.98 (4.5%)
Dec 19	70.00	3.80	164	2.3	2.98 (4.5%)

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

Top 10 Open Interest For Jul 18 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	TMC dividend
2.	SLV dividend	7.	AAPL dividend	2.	RXRX dividend
3.	SPY dividend	8.	TLT dividend	3.	CELC dividend
4.	TSLA dividend	9.	IBIT dividend	4.	AEO dividend
5.	IWM dividend	10.	QQQ dividend	5.	REPL dividend

Want more examples? OPTT Dividend | OR Dividend