KOLD Dividend Type Payments

ProShares UltraShort Bloomberg Natural Gas dividend

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

ProShares UltraShort Bloomberg Natural Gas (KOLD)
Bid Ask Last Change Volume P/E Market Cap
30.43 30.63 30.33 +0.49 19K - 0.0B

KOLD Dividend-Like Income Using Covered Calls

With KOLD at 30.33, 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% 0.91 0.2
5% 1.52 0.4
10% 3.03 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 KOLD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 37.00 0.35 25 1.4 6.37 (21.0%)
Sep 20 44.00 0.35 60 0.6 13.37 (44.1%)
5% Yield On KOLD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 37.00 0.35 25 1.4 6.37 (21.0%)
Sep 20 44.00 0.35 60 0.6 13.37 (44.1%)
10% Yield On KOLD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 37.00 0.35 25 1.4 6.37 (21.0%)
Sep 20 42.00 0.55 60 0.9 11.37 (37.5%)

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Top 10 Open Interest For Aug 16 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.TWTR dividend
2.FXI dividend 7.NIO dividend   2.SNAP dividend
3.EEM dividend 8.BAC dividend   3.TSLA dividend
4.SPX dividend 9.IWM dividend   4.FB dividend
5.GDX dividend 10.GLD dividend   5.MGM dividend

Want more examples? KOL Dividend | KONA Dividend