Background: Eli Lilly discovers, develops, manufactures, and sells pharmaceutical products worldwide. The company's neuroscience products treat schizophrenia, mixed/manic episodes, and bipolar maintenance; depression, diabetic peripheral neuropathic pain, anxiety disorders, fibromyalgia and chronic musculoskeletal pain; attention-deficit hyperactivity disorders; obsessive-compulsive and panic disorders and bulimia nervosa; and bipolar and treatment-resistant depression. The company was founded in 1876 and is headquartered in Indianapolis, Ind. Eli Lilly trades an average of 8.3 million shares per day with a marketcap of $56 billion.
Yield: 3.78%Dividend Amount: 49 cents Ex-Dividend Date: Nov. 13 Beta: 0.67 Strategy: Buy stock and offer to sell the November $49.00 strike or lower call for 30 cents over the intrinsic value. The option will likely get exercised early for a gain of 30 cents the day before trading ex-dividend. The amount of profit (as a yield rate) for the holding period makes this strategy superior to actually capturing the dividend and holding for another week or more. LLY Payout Ratio TTM data by YCharts