BATT Dividend Type Payments
Although BATT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Amplify Lithium & Battery Technology ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
Amplify Lithium & Battery Technology ETF (BATT) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
8.56 |
9.66 |
9.61 |
+0.12 |
29K |
- |
0.0B |
BATT Dividend-Like Income Using Covered Calls
With BATT at 9.61, 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% |
0.29 |
0.1 |
5% |
0.48 |
0.1 |
10% |
0.96 |
0.3 |
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 BATT Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Jun 21 |
10.00 |
0.15 |
47 |
0.3 |
0.34 (3.5%) |
5% Yield On BATT Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Jun 21 |
10.00 |
0.15 |
47 |
0.3 |
0.34 (3.5%) |
10% Yield On BATT Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Jun 21 |
10.00 |
0.15 |
47 |
0.3 |
0.34 (3.5%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial