WEAT Dividend Type Payments
Although WEAT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Teucrium Wheat Fund ETV to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 3:05 PM ET):
Teucrium Wheat Fund ETV (WEAT) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
5.86 | 5.87 | 5.87 | +0.17 | 798K | - | 0.0B |
WEAT Dividend-Like Income Using Covered Calls
With WEAT at 5.87, 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% | 0.18 | 0.0 |
5% | 0.29 | 0.1 |
10% | 0.59 | 0.2 |
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 WEAT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jun 7 | 6.00 | 0.15 | 36 | 0.4 | 0.13 (2.2%) | |
May 17 | 6.00 | 0.10 | 15 | 0.7 | 0.13 (2.2%) |
5% Yield On WEAT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jun 7 | 6.00 | 0.15 | 36 | 0.4 | 0.13 (2.2%) | |
May 17 | 6.00 | 0.10 | 15 | 0.7 | 0.13 (2.2%) |
10% Yield On WEAT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jun 7 | 6.00 | 0.15 | 36 | 0.4 | 0.13 (2.2%) | |
May 17 | 6.00 | 0.10 | 15 | 0.7 | 0.13 (2.2%) |
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Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | EEM dividend | 1. | GME dividend | |
2. | QQQ dividend | 7. | TSLA dividend | 2. | HIMS dividend | |
3. | HYG dividend | 8. | SLV dividend | 3. | UPST dividend | |
4. | SPY dividend | 9. | TLT dividend | 4. | BYND dividend | |
5. | FXI dividend | 10. | AMZN dividend | 5. | RIVN dividend |
Want more examples? WDIV Dividend | WEBL Dividend