TWM Dividend Type Payments

Although TWM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares UltraShort Russell2000 to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 1:15 PM ET):

ProShares UltraShort Russell2000 (TWM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
28.83	28.84	28.83	+1.20	264K	-	0.0B

TWM Dividend-Like Income Using Covered Calls

With TWM at 28.83, 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%	0.86	0.2
5%	1.44	0.4
10%	2.88	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:

3% Yield On TWM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	29.00	0.35	9	3.9	0.16 (0.6%)
Mar 20	29.00	0.65	37	1.8	0.16 (0.6%)

5% Yield On TWM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	29.00	0.35	9	3.9	0.16 (0.6%)
Mar 20	29.00	0.65	37	1.8	0.16 (0.6%)

10% Yield On TWM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	29.00	0.35	9	3.9	0.16 (0.6%)
Mar 20	29.00	0.65	37	1.8	0.16 (0.6%)

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Top 10 Open Interest For Feb 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	SPY dividend	1.	AAP dividend
2.	GLD dividend	7.	QQQ dividend	2.	RIVN dividend
3.	SLV dividend	8.	TLT dividend	3.	DKNG dividend
4.	KWEB dividend	9.	INTC dividend	4.	PINS dividend
5.	IBIT dividend	10.	EWZ dividend	5.	OCUL dividend

Want more examples? TWLO Dividend | TWO Dividend