YMAB Dividend Type Payments
Although YMAB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Y-mAbs Therapeutics, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
Y-mAbs Therapeutics, Inc. (YMAB) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
16.01 |
17.00 |
16.49 |
+1.28 |
348K |
- |
0.7B |
YMAB Dividend-Like Income Using Covered Calls
With YMAB at 16.49, 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% |
0.49 |
0.1 |
5% |
0.82 |
0.2 |
10% |
1.65 |
0.5 |
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 YMAB Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
17.50 |
1.15 |
199 |
0.6 |
0.50 (3.0%) |
Aug 16 |
17.50 |
2.20 |
108 |
2.0 |
0.50 (3.0%) |
5% Yield On YMAB Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
17.50 |
1.15 |
199 |
0.6 |
0.50 (3.0%) |
Aug 16 |
17.50 |
2.20 |
108 |
2.0 |
0.50 (3.0%) |
10% Yield On YMAB Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
17.50 |
1.15 |
199 |
0.6 |
0.50 (3.0%) |
Aug 16 |
17.50 |
2.20 |
108 |
2.0 |
0.50 (3.0%) |
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