PILL Dividend Type Payments

Direxion Daily Pharmaceutical & Medical Bull 3X Shares dividend

Although PILL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Direxion Daily Pharmaceutical & Medical Bull 3X Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL)
Bid Ask Last Change Volume P/E Market Cap
7.18 7.30 7.23 -0.22 184K - 0.0B

PILL Dividend-Like Income Using Covered Calls

With PILL at 7.23, 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% 0.22 0.1
5% 0.36 0.1
10% 0.72 0.2

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 PILL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 8.00 0.20 33 0.6 0.70 (9.7%)
5% Yield On PILL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 8.00 0.20 33 0.6 0.70 (9.7%)
10% Yield On PILL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 8.00 0.20 33 0.6 0.70 (9.7%)

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