ARGX Dividend Type Payments
Although ARGX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on argenx SE - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:20 PM ET):
| argenx SE - American Depositary Shares (ARGX) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 841.11 |
843.92 |
842.07 |
-7.39 |
206K |
52 |
0.0B |
ARGX Dividend-Like Income Using Covered Calls
With ARGX at 842.07, 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% |
25.26 |
6.9 |
| 5% |
42.10 |
11.5 |
| 10% |
84.21 |
23.1 |
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 ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
1000.00 |
6.60 |
60 |
11.0 |
156.08 (18.5%) |
| Nov 21 |
840.00 |
41.80 |
32 |
118.4 |
0.00 (0.0%) |
| 5% Yield On ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
840.00 |
54.50 |
60 |
84.3 |
0.00 (0.0%) |
| Nov 21 |
840.00 |
41.80 |
32 |
118.4 |
0.00 (0.0%) |
| 10% Yield On ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
840.00 |
54.50 |
60 |
84.3 |
0.00 (0.0%) |
| Nov 21 |
840.00 |
41.80 |
32 |
118.4 |
0.00 (0.0%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
