INSM Dividend Type Payments
Although INSM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Insmed Incorporated 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):
| Insmed Incorporated (INSM) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 74.00 | 76.01 | 74.54 | +0.04 | 1.4M | - | 11B |
INSM Dividend-Like Income Using Covered Calls
With INSM at 74.54, 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% | 2.24 | 0.6 |
| 5% | 3.73 | 1.0 |
| 10% | 7.45 | 2.0 |
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 INSM Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 80.00 | 6.00 | 113 | 5.3 | 3.99 (5.4%) | |
| Aug 16 | 80.00 | 1.45 | 22 | 6.6 | 3.99 (5.4%) | |
| 5% Yield On INSM Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 80.00 | 6.00 | 113 | 5.3 | 3.99 (5.4%) | |
| Aug 16 | 80.00 | 1.45 | 22 | 6.6 | 3.99 (5.4%) | |
| 10% Yield On INSM Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 80.00 | 6.00 | 113 | 5.3 | 3.99 (5.4%) | |
| Aug 16 | 80.00 | 1.45 | 22 | 6.6 | 3.99 (5.4%) | |
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| Top 10 Open Interest For Aug 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | SNAP dividend | |
| 2. | IWM dividend | 7. | SIRI dividend | 2. | TDOC dividend | |
| 3. | QQQ dividend | 8. | AAPL dividend | 3. | NET dividend | |
| 4. | FXI dividend | 9. | AMZN dividend | 4. | CLSK dividend | |
| 5. | SPY dividend | 10. | SLV dividend | 5. | TEAM dividend | |
Want more examples? INSG Dividend | INSP Dividend
