Sign In  |  Register  |  About Mill Valley  |  Contact Us

Mill Valley, CA
September 01, 2020 1:29pm
7-Day Forecast | Traffic
  • Search Hotels in Mill Valley

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

YieldBoost SIGA From 9.6% To 17.2% Using Options

Shareholders of SIGA Technologies Inc (SIGA) looking to boost their income beyond the stock's 9.6% annualized dividend yield can sell the January 2026 covered call at the $10 strike and collect the premium based on the 55 cents bid, which annualizes to an additional 7.6% rate of return against the current stock price (at Stock Options Channel we call this the YieldBoost), for a total of 17.2% annualized rate in the scenario where the stock is not called away. Any upside above $10 would be lost if the stock rises there and is called away, but SIGA shares would have to climb 60.8% from current levels for that to happen, meaning that in the scenario where the stock is called, the shareholder has earned a 69.6% return from this trading level, in addition to any dividends collected before the stock was called.
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 MillValley.com & California Media Partners, LLC. All rights reserved.