PX Dividend
Although PX has a dividend of 0.04 with an ex-dividend date of Nov 29, you can sell covered calls on P10, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 1:10 PM ET):
P10, Inc. (PX) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
12.95 | 12.96 | 12.96 | +0.66 | 909K | 123 | 1.4B |
PX Dividend-Like Income Using Covered Calls
With PX at 12.96, 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% | 0.39 | 0.1 |
5% | 0.65 | 0.2 |
10% | 1.30 | 0.4 |
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 PX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 18 | 15.00 | 0.45 | 241 | 0.2 | 2.04 (15.7%) |
5% Yield On PX Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 18 | 15.00 | 0.45 | 241 | 0.2 | 2.04 (15.7%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For Dec 20 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | QQQ dividend | 1. | SAVA dividend | |
2. | SPY dividend | 7. | XLF dividend | 2. | CRVS dividend | |
3. | EEM dividend | 8. | TLT dividend | 3. | APLT dividend | |
4. | FXI dividend | 9. | KWEB dividend | 4. | ANAB dividend | |
5. | IWM dividend | 10. | AAPL dividend | 5. | CLSK dividend |
Want more examples? PWZ Dividend | PXE Dividend