CBOE Dividend Type Payments

Although CBOE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Cboe Global Markets, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:45 AM ET):

Cboe Global Markets, Inc. (CBOE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
193.06	193.24	193.19	+1.58	231K	-	20B

CBOE Dividend-Like Income Using Covered Calls

With CBOE at 193.19, 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%	5.80	1.6
5%	9.66	2.6
10%	19.32	5.3

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 CBOE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 27	192.50	2.10	5	27.2	0.00 (0.0%)
Jan 3	192.50	3.40	12	22.2	0.00 (0.0%)

5% Yield On CBOE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 27	192.50	2.10	5	27.2	0.00 (0.0%)
Jan 3	192.50	3.40	12	22.2	0.00 (0.0%)

10% Yield On CBOE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 27	192.50	2.10	5	27.2	0.00 (0.0%)
Jan 3	192.50	3.40	12	22.2	0.00 (0.0%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Jan 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	INTC dividend	1.	NMRA dividend
2.	SLV dividend	7.	SPY dividend	2.	RGTI dividend
3.	AAPL dividend	8.	TSLA dividend	3.	QBTS dividend
4.	EEM dividend	9.	IWM dividend	4.	IREN dividend
5.	XLF dividend	10.	TLT dividend	5.	CLSK dividend

Want more examples? CBLS Dividend | CBON Dividend