QQQE Dividend Type Payments

Although QQQE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Direxion NASDAQ-100 Equal Weighted Index Shares 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):

Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
102.40	104.46	103.46	-0.09	63K	-	0.5B

QQQE Dividend-Like Income Using Covered Calls

With QQQE at 103.46, 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%	3.10	0.9
5%	5.17	1.4
10%	10.35	2.8

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 QQQE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	104.00	1.35	39	2.3	0.00 (0.0%)
Mar 20	104.00	3.00	102	2.5	0.00 (0.0%)

5% Yield On QQQE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	104.00	1.35	39	2.3	0.00 (0.0%)
Mar 20	104.00	3.00	102	2.5	0.00 (0.0%)

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Want more examples? QQQ Dividend | QQQJ Dividend