SPDN Dividend Type Payments

Although SPDN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Direxion Daily S&P 500 Bear 1X Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Direxion Daily S&P 500 Bear 1X Shares (SPDN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
9.83	9.84	9.83	0.00	2.1M	-	0.1B

SPDN Dividend-Like Income Using Covered Calls

With SPDN at 9.83, 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%	0.29	0.1
5%	0.49	0.1
10%	0.98	0.3

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 SPDN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	10.00	0.05	36	0.1	0.16 (1.6%)

5% Yield On SPDN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	10.00	0.05	36	0.1	0.16 (1.6%)

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Want more examples? SPD Dividend | SPDV Dividend