CIEN Dividend Type Payments

Although CIEN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ciena Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:00 AM ET):

Ciena Corporation (CIEN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
66.55	66.72	66.58	-0.52	39K	71	10B

CIEN Dividend-Like Income Using Covered Calls

With CIEN at 66.58, 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%	2.00	0.5
5%	3.33	0.9
10%	6.66	1.8

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 CIEN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	67.50	3.40	31	11.0	0.78 (1.2%)
Jan 17	67.50	4.20	59	7.1	0.78 (1.2%)

5% Yield On CIEN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	67.50	3.40	31	11.0	0.78 (1.2%)
Jan 17	67.50	4.20	59	7.1	0.78 (1.2%)

10% Yield On CIEN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	67.50	3.40	31	11.0	0.78 (1.2%)
Jan 17	67.50	4.20	59	7.1	0.78 (1.2%)

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

Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	SAVA dividend
2.	SPY dividend	7.	XLF dividend	2.	CRVS dividend
3.	EEM dividend	8.	TLT dividend	3.	ANAB dividend
4.	FXI dividend	9.	KWEB dividend	4.	APLT dividend
5.	IWM dividend	10.	AAPL dividend	5.	CLSK dividend

Want more examples? CIBR Dividend | CIG Dividend