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Dividend Captures for Fun and Profit

LLY Dividend Chart LLY Dividend data by YCharts

Eli Lilly (LLY - Get Report)

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 Chart LLY Payout Ratio TTM data by YCharts

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SYM TRADE IT LAST %CHG
EXC $33.95 0.18%
GLW $21.13 0.19%
IP $52.91 0.74%
LLY $74.90 0.79%
UTX $117.64 0.66%

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

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