BIS Dividend Type Payments

Although BIS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Proshares Trust Proshares Ultr to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 1:25 PM ET):

Proshares Trust Proshares Ultr (BIS)
Bid Ask Last Change Volume P/E Market Cap
17.61 17.64 17.60 +0.41 21K - 0.0B

BIS Dividend-Like Income Using Covered Calls

With BIS at 17.60, here's a table showing how big the annual "dividend" (ie. 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% 0.53 0.1
5% 0.88 0.2
10% 1.76 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 BIS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 19.00 0.05 23 0.2 1.36 (7.7%)
Apr 18 21.00 0.10 57 0.2 3.36 (19.1%)
5% Yield On BIS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 18.00 0.25 23 1.1 0.36 (2.0%)
Apr 18 20.00 0.15 57 0.3 2.36 (13.4%)
10% Yield On BIS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 18.00 0.25 23 1.1 0.36 (2.0%)
Apr 18 19.00 0.45 57 0.8 1.36 (7.7%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.ROKU dividend
2.EEM dividend 7.GE dividend   2.OLED dividend
3.SPY dividend 8.LLY dividend   3.IQ dividend
4.QQQ dividend 9.BAC dividend   4.FSLR dividend
5.FXI dividend 10.GLD dividend   5.TTD dividend

Want more examples? BIP Dividend | BITA Dividend