GSM Dividend

Although GSM has a dividend of 0.01 with an ex-dividend date of Dec 22, you can sell covered calls on Ferroglobe PLC - Ordinary Shares 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):

Ferroglobe PLC - Ordinary Shares (GSM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
4.30	4.64	4.63	+0.17	1.3M	-	0.8B

GSM Dividend-Like Income Using Covered Calls

With GSM at 4.63, 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%	0.14	0.0
5%	0.23	0.1
10%	0.46	0.1

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 GSM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	5.00	0.05	18	0.3	0.36 (7.8%)
Jan 16	5.00	0.20	46	0.4	0.36 (7.8%)

5% Yield On GSM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	5.00	0.05	18	0.3	0.36 (7.8%)
Jan 16	5.00	0.20	46	0.4	0.36 (7.8%)

10% Yield On GSM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	5.00	0.05	18	0.3	0.36 (7.8%)
Jan 16	5.00	0.20	46	0.4	0.36 (7.8%)

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Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	RZLT dividend
2.	SPY dividend	7.	GLD dividend	2.	AI dividend
3.	QQQ dividend	8.	TLT dividend	3.	IMNM dividend
4.	IWM dividend	9.	SLV dividend	4.	IOT dividend
5.	IBIT dividend	10.	FXI dividend	5.	PATH dividend

Want more examples? GSLC Dividend | GSPY Dividend