GDXS Dividend Type Payments

Although GDXS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares UltraShort Gold Miners ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 3:00 PM ET):

ProShares UltraShort Gold Miners ETF (GDXS)
Bid Ask Last Change Volume P/E Market Cap
16.43 16.49 15.96 -0.33 2K - 0.0B

GDXS Dividend-Like Income Using Covered Calls

With GDXS at 15.96, 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% 0.48 0.1
5% 0.80 0.2
10% 1.60 0.4

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 GDXS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 17.00 0.15 12 1.3 0.51 (3.2%)
Jan 18 19.00 0.10 40 0.3 2.51 (15.7%)
5% Yield On GDXS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 17.00 0.15 12 1.3 0.51 (3.2%)
Jan 18 19.00 0.10 40 0.3 2.51 (15.7%)
10% Yield On GDXS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 17.00 0.15 12 1.3 0.51 (3.2%)
Jan 18 18.00 0.25 40 0.6 1.51 (9.5%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.EDAP dividend 6.WMS dividend   1. dividend
2.WIN dividend 7.OFC dividend   2. dividend
3.OAK dividend 8.MYE dividend   3. dividend
4.MUB dividend 9.EGL dividend   4. dividend
5.EEX dividend 10.WRB dividend   5. dividend

Want more examples? GDXJ Dividend | GDXX Dividend