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 Tue 12:50 PM ET):

DIREXION DAILY S&P 500 BEAR 1X SHARES (SPDN)
Bid Ask Last Change Volume P/E Market Cap
28.51 28.52 28.51 -0.18 3K - 0.2B

SPDN Dividend-Like Income Using Covered Calls

With SPDN at 28.51, here's a table showing how big the annual "dividend" (ie. 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% 0.86 0.2
5% 1.43 0.4
10% 2.85 0.8

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:

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Top 10 Open Interest For Aug 17 Expiration     Top 5 High Yield
1.SPY dividend 6.BAC dividend   1.M dividend
2.EEM dividend 7.AABA dividend   2.DBD dividend
3.QQQ dividend 8.FXI dividend   3.UVXY dividend
4.SPX dividend 9.FB dividend   4.CGC dividend
5.XLF dividend 10.GLD dividend   5.JWN dividend

Want more examples? SPCMI Dividend | SPDV Dividend