TTWO Dividend Type Payments
Although TTWO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Take-Two Interactive Software, Inc. 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):
| Take-Two Interactive Software, Inc. (TTWO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 245.97 | 250.05 | 247.40 | +0.75 | 2.8M | - | 46B |
TTWO Dividend-Like Income Using Covered Calls
With TTWO at 247.40, 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% | 7.42 | 2.0 |
| 5% | 12.37 | 3.4 |
| 10% | 24.74 | 6.8 |
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 TTWO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 26 | 250.00 | 1.50 | 8 | 18.1 | 0.00 (0.0%) | |
| Jan 2 | 250.00 | 2.70 | 15 | 17.7 | 0.00 (0.0%) | |
| 5% Yield On TTWO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 26 | 250.00 | 1.50 | 8 | 18.1 | 0.00 (0.0%) | |
| Jan 2 | 250.00 | 2.70 | 15 | 17.7 | 0.00 (0.0%) | |
| 10% Yield On TTWO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 26 | 250.00 | 1.50 | 8 | 18.1 | 0.00 (0.0%) | |
| Jan 2 | 250.00 | 2.70 | 15 | 17.7 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | OMER dividend | |
| 2. | INTC dividend | 7. | NIO dividend | 2. | RARE dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | SOC dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | DAWN dividend | |
| 5. | SLV dividend | 10. | ASST dividend | 5. | EOSE dividend | |
Want more examples? TTT Dividend | TU Dividend
