ARGX Dividend Type Payments
Although ARGX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on argenx SE - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| argenx SE - American Depositary Shares (ARGX) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 377.35 |
394.86 |
383.34 |
+7.84 |
229K |
- |
0.0B |
ARGX Dividend-Like Income Using Covered Calls
With ARGX at 383.34, 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% |
11.50 |
3.2 |
| 5% |
19.17 |
5.3 |
| 10% |
38.33 |
10.5 |
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 ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 15 |
400.00 |
43.20 |
199 |
21.7 |
5.14 (1.3%) |
| Aug 16 |
400.00 |
32.00 |
108 |
29.6 |
5.14 (1.3%) |
| 5% Yield On ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 15 |
400.00 |
43.20 |
199 |
21.7 |
5.14 (1.3%) |
| Aug 16 |
400.00 |
32.00 |
108 |
29.6 |
5.14 (1.3%) |
| 10% Yield On ARGX Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 15 |
400.00 |
43.20 |
199 |
21.7 |
5.14 (1.3%) |
| Aug 16 |
400.00 |
32.00 |
108 |
29.6 |
5.14 (1.3%) |
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