CYBR Dividend Type Payments
Although CYBR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CyberArk Software Ltd. - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
CyberArk Software Ltd. - Ordinary Shares (CYBR) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
234.82 |
256.60 |
245.07 |
+0.54 |
317K |
- |
10B |
CYBR Dividend-Like Income Using Covered Calls
With CYBR at 245.07, 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% |
7.35 |
2.0 |
5% |
12.25 |
3.4 |
10% |
24.51 |
6.7 |
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 CYBR Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
260.00 |
6.90 |
23 |
30.0 |
3.40 (1.4%) |
Jun 21 |
260.00 |
10.80 |
58 |
18.6 |
3.40 (1.4%) |
5% Yield On CYBR Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
260.00 |
6.90 |
23 |
30.0 |
3.40 (1.4%) |
Jun 21 |
260.00 |
10.80 |
58 |
18.6 |
3.40 (1.4%) |
10% Yield On CYBR Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
260.00 |
6.90 |
23 |
30.0 |
3.40 (1.4%) |
Jun 21 |
260.00 |
10.80 |
58 |
18.6 |
3.40 (1.4%) |
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