ETQ Dividend Type Payments
Although ETQ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on T-Rex 2X Inverse Ether Daily Target ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:20 AM ET):
| T-Rex 2X Inverse Ether Daily Target ETF (ETQ) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 7.31 | 7.33 | 7.34 | -0.86 | 20K | - | 0.0B |
ETQ Dividend-Like Income Using Covered Calls
With ETQ at 7.34, here's a table showing how big the annual "dividend" (i.e. 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% | 0.22 | 0.1 |
| 5% | 0.37 | 0.1 |
| 10% | 0.73 | 0.2 |
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 ETQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 8.00 | 0.05 | 53 | 0.1 | 0.67 (9.1%) | |
| Sep 19 | 8.00 | 0.45 | 88 | 0.5 | 0.67 (9.1%) | |
| 5% Yield On ETQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 8.00 | 0.45 | 88 | 0.5 | 0.67 (9.1%) | |
| Dec 19 | 10.00 | 0.65 | 179 | 0.4 | 2.67 (36.4%) | |
| 10% Yield On ETQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 8.00 | 0.45 | 88 | 0.5 | 0.67 (9.1%) | |
| Dec 19 | 10.00 | 0.65 | 179 | 0.4 | 2.67 (36.4%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | COGT dividend | |
| 2. | SLV dividend | 7. | IWM dividend | 2. | ALT dividend | |
| 3. | SPY dividend | 8. | AAPL dividend | 3. | TDOC dividend | |
| 4. | GLD dividend | 9. | FXI dividend | 4. | APLD dividend | |
| 5. | TLT dividend | 10. | QQQ dividend | 5. | RGTI dividend | |
Want more examples? ETNB Dividend | ETR Dividend
