ONEO Dividend Type Payments
Although ONEO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR Russell 1000 Momentum Focus ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:15 AM ET):
| SPDR Russell 1000 Momentum Focus ETF (ONEO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 125.95 | 126.30 | 126.04 | 0.00 | 0K | - | 0.0B |
ONEO Dividend-Like Income Using Covered Calls
With ONEO at 126.04, 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% | 3.78 | 1.0 |
| 5% | 6.30 | 1.7 |
| 10% | 12.60 | 3.5 |
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 ONEO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 16 | 126.00 | 2.40 | 176 | 1.2 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | IBIT dividend | 1. | MBX dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | EOSE dividend | |
| 3. | GLD dividend | 8. | AMZN dividend | 3. | CVNA dividend | |
| 4. | IWM dividend | 9. | QQQ dividend | 4. | RDDT dividend | |
| 5. | SPY dividend | 10. | AAPL dividend | 5. | NET dividend | |
Want more examples? ONB Dividend | ONEV Dividend
