TW Dividend Type Payments
Although TW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Tradeweb Markets Inc. - Class A 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):
| Tradeweb Markets Inc. - Class A (TW) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 135.00 | 140.99 | 138.00 | +1.86 | 899K | 56 | 32B |
TW Dividend-Like Income Using Covered Calls
With TW at 138.00, 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% | 4.14 | 1.1 |
| 5% | 6.90 | 1.9 |
| 10% | 13.80 | 3.8 |
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 TW Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 145.00 | 1.70 | 30 | 5.7 | 4.01 (2.9%) | |
| Oct 17 | 145.00 | 4.60 | 93 | 4.9 | 4.01 (2.9%) | |
| 5% Yield On TW Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 145.00 | 1.70 | 30 | 5.7 | 4.01 (2.9%) | |
| Oct 17 | 145.00 | 4.60 | 93 | 4.9 | 4.01 (2.9%) | |
| 10% Yield On TW Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 145.00 | 1.70 | 30 | 5.7 | 4.01 (2.9%) | |
| Oct 17 | 145.00 | 4.60 | 93 | 4.9 | 4.01 (2.9%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | BKSY dividend | |
| 2. | SLV dividend | 7. | GLD dividend | 2. | WAL dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | CELC dividend | |
| 4. | TSLA dividend | 9. | QQQ dividend | 4. | MNMD dividend | |
| 5. | AAPL dividend | 10. | AMZN dividend | 5. | REPL dividend | |
Want more examples? TV Dividend | TWI Dividend
