NVCR Dividend Type Payments

Although NVCR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on NOVOCURE 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 Tue 4:16 PM ET):

NOVOCURE LTD ORDINARY SHARES (NVCR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
42.23	45.05	43.32	-0.29	572K	-	4.1B

NVCR Dividend-Like Income Using Covered Calls

With NVCR at 43.32, here's a table showing how big the annual "dividend" (ie. 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%	1.30	0.4
5%	2.17	0.6
10%	4.33	1.2

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 NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 16	57.50	0.10	25	0.4	12.45 (28.7%)
Dec 21	60.00	0.30	60	0.5	14.95 (34.5%)

5% Yield On NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 16	55.00	0.25	25	1.0	9.95 (23.0%)
Dec 21	57.50	0.50	60	0.8	12.45 (28.7%)

10% Yield On NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 16	52.50	0.50	25	2.0	7.45 (17.2%)
Dec 21	55.00	0.80	60	1.3	9.95 (23.0%)

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Top 10 Open Interest For Nov 16 Expiration				Top 5 High Yield
1.	SPY dividend	6.	QQQ dividend	1.	SNAP dividend
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Want more examples? NVAX Dividend | NVDA Dividend