TTT Dividend Type Payments

PROSHARES ULTRAPRO SHORT 20+ Y dividend

Although TTT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on PROSHARES ULTRAPRO SHORT 20+ Y to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:25 PM ET):

PROSHARES ULTRAPRO SHORT 20+ Y (TTT)
Bid Ask Last Change Volume P/E Market Cap
31.11 31.12 31.13 0.00 73K 24 0.9B

TTT Dividend-Like Income Using Covered Calls

With TTT at 31.13, 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% 0.93 0.3
5% 1.56 0.4
10% 3.11 0.9

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 TTT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 32.00 0.05 5 1.0 0.88 (2.8%)
Nov 16 33.00 0.40 33 1.2 1.88 (6.0%)
5% Yield On TTT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 32.00 0.05 5 1.0 0.88 (2.8%)
Nov 16 33.00 0.40 33 1.2 1.88 (6.0%)
10% Yield On TTT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 32.00 0.05 5 1.0 0.88 (2.8%)
Nov 16 33.00 0.40 33 1.2 1.88 (6.0%)

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Want more examples? TTS Dividend | TTWO Dividend