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 Wed 11:55 AM ET):
| argenx SE - American Depositary Shares (ARGX) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 657.64 |
659.33 |
658.79 |
-6.81 |
107K |
- |
0.0B |
ARGX Dividend-Like Income Using Covered Calls
With ARGX at 658.79, 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% |
19.76 |
5.4 |
| 5% |
32.94 |
9.0 |
| 10% |
65.88 |
18.0 |
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 |
| Aug 15 |
660.00 |
71.50 |
213 |
33.6 |
0.67 (0.1%) |
| May 16 |
660.00 |
57.00 |
122 |
46.7 |
0.67 (0.1%) |
| 5% Yield On ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
660.00 |
71.50 |
213 |
33.6 |
0.67 (0.1%) |
| May 16 |
660.00 |
57.00 |
122 |
46.7 |
0.67 (0.1%) |
| 10% Yield On ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
660.00 |
71.50 |
213 |
33.6 |
0.67 (0.1%) |
| May 16 |
660.00 |
57.00 |
122 |
46.7 |
0.67 (0.1%) |
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