FXP Dividend Type Payments

Although FXP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Ultrashort FTSE China 50 to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

ProShares Ultrashort FTSE China 50 (FXP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
33.00	33.56	33.44	-0.36	8K	-	0.0B

FXP Dividend-Like Income Using Covered Calls

With FXP at 33.44, 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%	1.00	0.3
5%	1.67	0.5
10%	3.34	0.9

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 FXP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	34.00	0.15	23	0.7	0.44 (1.3%)
Jun 21	34.00	2.05	58	3.5	0.44 (1.3%)

5% Yield On FXP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	34.00	0.15	23	0.7	0.44 (1.3%)
Jun 21	34.00	2.05	58	3.5	0.44 (1.3%)

10% Yield On FXP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	35.00	0.70	23	3.0	1.44 (4.3%)
Jun 21	34.00	2.05	58	3.5	0.44 (1.3%)

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Top 10 Open Interest For May 17 Expiration				Top 5 High Yield
1.	QQQ dividend	6.	EEM dividend	1.	WOLF dividend
2.	HYG dividend	7.	KWEB dividend	2.	FSLY dividend
3.	IWM dividend	8.	SLV dividend	3.	INTC dividend
4.	SPY dividend	9.	TSLA dividend	4.	GRPN dividend
5.	FXI dividend	10.	NVDA dividend	5.	PENN dividend

Want more examples? FXO Dividend | FXR Dividend