RRR Dividend

Although RRR has a dividend of 0.25 with an ex-dividend date of Sep 15, you can sell covered calls on Red Rock Resorts, Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Red Rock Resorts, Inc. - Class A (RRR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
56.00	57.00	56.29	-0.30	594K	22	6.0B

RRR Dividend-Like Income Using Covered Calls

With RRR at 56.29, 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%	1.69	0.5
5%	2.81	0.8
10%	5.63	1.5

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 RRR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	60.00	0.05	8	0.6	3.00 (5.3%)
Oct 17	59.00	1.55	71	2.2	2.00 (3.6%)

5% Yield On RRR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	59.00	1.55	71	2.2	2.00 (3.6%)
Sep 19	60.00	0.65	43	1.5	3.00 (5.3%)

10% Yield On RRR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	59.00	1.55	71	2.2	2.00 (3.6%)
Jan 16	60.00	2.95	162	1.8	3.00 (5.3%)

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Top 10 Open Interest For Aug 15 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	CAPR dividend
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3.	SPY dividend	8.	AMZN dividend	3.	LQDA dividend
4.	IWM dividend	9.	INTC dividend	4.	VG dividend
5.	IBIT dividend	10.	QQQ dividend	5.	RCAT dividend

Want more examples? RRGB Dividend | RS Dividend