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 3:30 PM ET):
| argenx SE - American Depositary Shares (ARGX) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 597.23 |
598.87 |
598.05 |
-1.82 |
151K |
47 |
0.0B |
ARGX Dividend-Like Income Using Covered Calls
With ARGX at 598.05, 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% |
17.94 |
4.9 |
| 5% |
29.90 |
8.2 |
| 10% |
59.81 |
16.4 |
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 ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
600.00 |
45.40 |
115 |
39.5 |
1.13 (0.2%) |
| May 16 |
600.00 |
19.60 |
24 |
81.7 |
1.13 (0.2%) |
| 5% Yield On ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
600.00 |
45.40 |
115 |
39.5 |
1.13 (0.2%) |
| May 16 |
600.00 |
19.60 |
24 |
81.7 |
1.13 (0.2%) |
| 10% Yield On ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
600.00 |
45.40 |
115 |
39.5 |
1.13 (0.2%) |
| May 16 |
600.00 |
19.60 |
24 |
81.7 |
1.13 (0.2%) |
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