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 EXPLORATION PRODUCTS BUL to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:10 PM ET):

DIREXION DAILY S&P OIL GAS EXPLORATION PRODUCTS BUL (GUSH)
Bid Ask Last Change Volume P/E Market Cap
29.07 29.11 29.10 -1.55 805K - 1.3B

GUSH Dividend-Like Income Using Covered Calls

With GUSH at 29.10, 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% 0.87 0.2
5% 1.46 0.4
10% 2.91 0.8

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
Nov 16 47.00 0.10 26 0.4 17.89 (61.5%)
Dec 21 57.00 0.15 61 0.2 27.89 (95.8%)
5% Yield On GUSH Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 45.00 0.15 26 0.6 15.89 (54.6%)
Dec 21 51.00 0.25 61 0.4 21.89 (75.2%)
10% Yield On GUSH Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 42.00 0.25 26 1.0 12.89 (44.3%)
Dec 21 47.00 0.50 61 0.8 17.89 (61.5%)

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