ROM Dividend Type Payments

Although ROM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Ultra Technology to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:05 AM ET):

ProShares Ultra Technology (ROM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
53.19	53.26	53.24	-0.46	7K	-	0.7B

ROM Dividend-Like Income Using Covered Calls

With ROM at 53.24, 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%	1.60	0.4
5%	2.66	0.7
10%	5.32	1.5

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 ROM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	53.00	2.55	29	7.9	0.00 (0.0%)
Jun 21	53.00	3.60	64	5.2	0.00 (0.0%)

5% Yield On ROM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	53.00	2.55	29	7.9	0.00 (0.0%)
Jun 21	53.00	3.60	64	5.2	0.00 (0.0%)

10% Yield On ROM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	53.00	2.55	29	7.9	0.00 (0.0%)
Jun 21	53.00	3.60	64	5.2	0.00 (0.0%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For May 17 Expiration				Top 5 High Yield
1.	HYG dividend	6.	KWEB dividend	1.	HE dividend
2.	IWM dividend	7.	EEM dividend	2.	FSLY dividend
3.	FXI dividend	8.	SLV dividend	3.	AVDL dividend
4.	QQQ dividend	9.	TSLA dividend	4.	CVNA dividend
5.	SPY dividend	10.	EWZ dividend	5.	CLSK dividend

Want more examples? ROL Dividend | ROOF Dividend