ASTX Dividend Type Payments

Although ASTX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Tradr 2X Long ASTS Daily ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Tradr 2X Long ASTS Daily ETF (ASTX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
27.76	28.02	28.06	+0.47	790K	-	0.0B

ASTX Dividend-Like Income Using Covered Calls

With ASTX at 28.06, 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%	0.84	0.2
5%	1.40	0.4
10%	2.81	0.8

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 ASTX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	30.00	3.30	25	13.2	1.98 (7.1%)
Jan 16	28.00	4.50	53	8.5	0.00 (0.0%)

5% Yield On ASTX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	30.00	3.30	25	13.2	1.98 (7.1%)
Jan 16	28.00	4.50	53	8.5	0.00 (0.0%)

10% Yield On ASTX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	30.00	3.30	25	13.2	1.98 (7.1%)
Jan 16	28.00	4.50	53	8.5	0.00 (0.0%)

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Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	RZLT dividend
2.	IWM dividend	7.	SLV dividend	2.	IMNM dividend
3.	IBIT dividend	8.	GLD dividend	3.	NTNX dividend
4.	SPY dividend	9.	TLT dividend	4.	IREN dividend
5.	QQQ dividend	10.	FXI dividend	5.	VTYX dividend

Want more examples? ASTE Dividend | ASUR Dividend