AYX Dividend Type Payments

Although AYX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ALTERYX INC to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

ALTERYX INC (AYX)
Bid Ask Last Change Volume P/E Market Cap
58.40 60.00 58.98 +0.77 996K - 3.5B

AYX Dividend-Like Income Using Covered Calls

With AYX at 58.98, here's a table showing how big the annual "dividend" (ie. 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% 1.77 0.5
5% 2.95 0.8
10% 5.90 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 AYX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 70.00 0.20 29 0.7 10.00 (17.0%)
Nov 16 75.00 0.85 57 1.5 15.00 (25.4%)
5% Yield On AYX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 65.00 0.75 29 2.6 5.00 (8.5%)
Nov 16 75.00 0.85 57 1.5 15.00 (25.4%)
10% Yield On AYX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 65.00 0.75 29 2.6 5.00 (8.5%)
Nov 16 70.00 1.55 57 2.7 10.00 (17.0%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Oct 19 Expiration     Top 5 High Yield
1.SPY dividend 6.AMD dividend   1.GERN dividend
2.EEM dividend 7.FXI dividend   2.MDXG dividend
3.SPX dividend 8.BABA dividend   3.TLRY dividend
4.MU dividend 9.USO dividend   4.AKRX dividend
5.FTV dividend 10.GLD dividend   5.ANAB dividend

Want more examples? AYR Dividend | AZN Dividend