GUSH Dividend Type Payments
Although GUSH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares 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):
Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X Shares (GUSH) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
40.96 |
41.04 |
41.01 |
+1.12 |
607K |
- |
0.0B |
GUSH Dividend-Like Income Using Covered Calls
With GUSH at 41.01, 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% |
1.23 |
0.3 |
5% |
2.05 |
0.6 |
10% |
4.10 |
1.1 |
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 GUSH Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Apr 19 |
41.00 |
1.55 |
23 |
6.6 |
0.00 (0.0%) |
May 17 |
41.00 |
2.70 |
51 |
5.2 |
0.00 (0.0%) |
5% Yield On GUSH Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Apr 19 |
41.00 |
1.55 |
23 |
6.6 |
0.00 (0.0%) |
May 17 |
41.00 |
2.70 |
51 |
5.2 |
0.00 (0.0%) |
10% Yield On GUSH Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Apr 19 |
41.00 |
1.55 |
23 |
6.6 |
0.00 (0.0%) |
May 17 |
41.00 |
2.70 |
51 |
5.2 |
0.00 (0.0%) |
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