CROC Dividend Type Payments

Although CROC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares UltraShort Australian Dollar to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

ProShares UltraShort Australian Dollar (CROC)
Bid Ask Last Change Volume P/E Market Cap
57.52 57.52 57.52 -0.70 0K - 0.0B

CROC Dividend-Like Income Using Covered Calls

With CROC at 57.52, 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% 1.73 0.5
5% 2.88 0.8
10% 5.75 1.6

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 CROC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 59.00 0.50 33 1.5 1.48 (2.6%)
Sep 20 59.00 1.60 124 1.3 1.48 (2.6%)
5% Yield On CROC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 59.00 0.50 33 1.5 1.48 (2.6%)
Sep 20 59.00 1.60 124 1.3 1.48 (2.6%)
10% Yield On CROC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 58.00 0.80 33 2.4 0.48 (0.8%)
Sep 20 58.00 2.00 124 1.6 0.48 (0.8%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Jun 21 Expiration     Top 5 High Yield
1.SPY dividend 6.FXI dividend   1.BCRX dividend
2.SPX dividend 7.BAC dividend   2.LB dividend
3.EEM dividend 8.AAPL dividend   3.CARA dividend
4.QQQ dividend 9.XLF dividend   4.NIO dividend
5.EWZ dividend 10.VXX dividend   5.AMD dividend

Want more examples? CRNT Dividend | CRON Dividend