TTWO Dividend Type Payments
Although TTWO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Take-Two Interactive Software, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:10 PM ET):
Take-Two Interactive Software, Inc. (TTWO) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
211.25 | 211.54 | 211.32 | -0.33 | 545K | - | 37B |
TTWO Dividend-Like Income Using Covered Calls
With TTWO at 211.32, 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% | 6.34 | 1.7 |
5% | 10.57 | 2.9 |
10% | 21.13 | 5.8 |
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 TTWO Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 4 | 215.00 | 5.45 | 40 | 13.6 | 3.46 (1.6%) | |
Mar 7 | 212.50 | 3.30 | 12 | 27.5 | 0.96 (0.5%) |
5% Yield On TTWO Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 4 | 215.00 | 5.45 | 40 | 13.6 | 3.46 (1.6%) | |
Mar 7 | 212.50 | 3.30 | 12 | 27.5 | 0.96 (0.5%) |
10% Yield On TTWO Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 4 | 215.00 | 5.45 | 40 | 13.6 | 3.46 (1.6%) | |
Mar 7 | 212.50 | 3.30 | 12 | 27.5 | 0.96 (0.5%) |
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Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
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1. | NVDA dividend | 6. | IWM dividend | 1. | LUNR dividend | |
2. | SPY dividend | 7. | INTC dividend | 2. | HIMS dividend | |
3. | FXI dividend | 8. | QQQ dividend | 3. | WOLF dividend | |
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5. | KWEB dividend | 10. | TLT dividend | 5. | DNA dividend |
Want more examples? TTT Dividend | TU Dividend