BETZ Dividend Type Payments

Although BETZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Roundhill Sports Betting & iGaming ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Roundhill Sports Betting & iGaming ETF (BETZ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
19.97	20.78	20.12	+0.08	6K	-	0.0B

BETZ Dividend-Like Income Using Covered Calls

With BETZ at 20.12, 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%	0.60	0.2
5%	1.01	0.3
10%	2.01	0.6

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 BETZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	21.00	0.25	82	0.3	0.22 (1.1%)

5% Yield On BETZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	21.00	0.25	82	0.3	0.22 (1.1%)

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