CORT Dividend Type Payments
Although CORT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Corcept Therapeutics Incorporated to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 1:25 PM ET):
| Corcept Therapeutics Incorporated (CORT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 63.68 | 63.81 | 63.74 | -1.34 | 402K | 52 | 6.8B |
CORT Dividend-Like Income Using Covered Calls
With CORT at 63.74, 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% | 1.91 | 0.5 |
| 5% | 3.19 | 0.9 |
| 10% | 6.37 | 1.7 |
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 CORT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 100.00 | 2.70 | 176 | 1.5 | 36.19 (56.8%) | |
| May 16 | 100.00 | 0.80 | 85 | 0.9 | 36.19 (56.8%) | |
| 5% Yield On CORT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 100.00 | 2.70 | 176 | 1.5 | 36.19 (56.8%) | |
| May 16 | 100.00 | 0.80 | 85 | 0.9 | 36.19 (56.8%) | |
| 10% Yield On CORT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 65.00 | 10.10 | 176 | 5.7 | 1.19 (1.9%) | |
| May 16 | 65.00 | 8.20 | 85 | 9.6 | 1.19 (1.9%) | |
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | KWEB dividend | 1. | LUNR dividend | |
| 2. | FXI dividend | 7. | INTC dividend | 2. | HIMS dividend | |
| 3. | SPY dividend | 8. | SLV dividend | 3. | SOUN dividend | |
| 4. | EEM dividend | 9. | QQQ dividend | 4. | ZETA dividend | |
| 5. | IWM dividend | 10. | HYG dividend | 5. | RGTI dividend | |
Want more examples? CORP Dividend | COST Dividend
