BOTZ Dividend Type Payments
Although BOTZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Robotics & Artificial Intelligence 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):
| Global X Robotics & Artificial Intelligence ETF (BOTZ) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 37.10 |
37.32 |
37.32 |
-0.93 |
1.9M |
- |
3.2B |
BOTZ Dividend-Like Income Using Covered Calls
With BOTZ at 37.32, 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% |
1.12 |
0.3 |
| 5% |
1.87 |
0.5 |
| 10% |
3.73 |
1.0 |
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 BOTZ Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
40.00 |
0.60 |
46 |
1.3 |
2.68 (7.2%) |
| Nov 21 |
38.00 |
0.55 |
18 |
3.1 |
0.68 (1.8%) |
| 5% Yield On BOTZ Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
40.00 |
0.60 |
46 |
1.3 |
2.68 (7.2%) |
| Nov 21 |
38.00 |
0.55 |
18 |
3.1 |
0.68 (1.8%) |
| 10% Yield On BOTZ Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Dec 19 |
40.00 |
0.60 |
46 |
1.3 |
2.68 (7.2%) |
| Nov 21 |
38.00 |
0.55 |
18 |
3.1 |
0.68 (1.8%) |
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