CURE Dividend Type Payments

Although CURE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on DIREXION DAILY HEALTH CARE BULL 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):

DIREXION DAILY HEALTH CARE BULL (CURE)
Bid Ask Last Change Volume P/E Market Cap
58.04 59.65 59.00 +0.61 67K - 1.3B

CURE Dividend-Like Income Using Covered Calls

With CURE at 59.00, 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% 1.77 0.5
5% 2.95 0.8
10% 5.90 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 CURE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 65.00 0.25 33 0.8 5.35 (9.1%)
Oct 19 70.00 0.30 61 0.5 10.35 (17.5%)
5% Yield On CURE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 64.00 0.50 33 1.5 4.35 (7.4%)
Oct 19 68.00 0.50 61 0.8 8.35 (14.2%)
10% Yield On CURE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 63.00 0.70 33 2.1 3.35 (5.7%)
Oct 19 64.00 1.20 61 2.0 4.35 (7.4%)

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Top 10 Open Interest For Sep 21 Expiration     Top 5 High Yield
1.EEM dividend 6.GE dividend   1.COTY dividend
2.SPY dividend 7.GLD dividend   2.MOMO dividend
3.SPX dividend 8.FB dividend   3.UVXY dividend
4.QQQ dividend 9.IWM dividend   4.AKRX dividend
5.XLF dividend 10.GDX dividend   5.LB dividend

Want more examples? CUR Dividend | CURO Dividend