AVL Dividend Type Payments

Although AVL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Direxion Daily AVGO Bull 2X 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):

Direxion Daily AVGO Bull 2X Shares (AVL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
58.59	58.75	58.60	+0.99	129K	-	0.0B

AVL Dividend-Like Income Using Covered Calls

With AVL at 58.60, 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%	1.76	0.5
5%	2.93	0.8
10%	5.86	1.6

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 AVL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	59.00	6.70	38	17.6	0.25 (0.4%)
Nov 21	60.00	1.85	10	18.5	1.25 (2.1%)

5% Yield On AVL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	59.00	6.70	38	17.6	0.25 (0.4%)
Nov 21	60.00	1.85	10	18.5	1.25 (2.1%)

10% Yield On AVL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	59.00	6.70	38	17.6	0.25 (0.4%)
Nov 21	60.00	1.85	10	18.5	1.25 (2.1%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
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4.	SLV dividend	9.	INTC dividend	4.	OKLO dividend
5.	TLT dividend	10.	QQQ dividend	5.	IREN dividend

Want more examples? AVIV Dividend | AVMU Dividend