UVXY Dividend Type Payments

Although UVXY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Ultra VIX Short-Term Futures ETF 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):

ProShares Ultra VIX Short-Term Futures ETF (UVXY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
32.59	32.67	32.69	-1.64	6.0M	-	0.0B

UVXY Dividend-Like Income Using Covered Calls

With UVXY at 32.69, 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%	0.98	0.3
5%	1.63	0.4
10%	3.27	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 UVXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 3	33.00	0.95	8	11.9	0.33 (1.0%)
May 10	33.00	1.37	15	9.1	0.33 (1.0%)

5% Yield On UVXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 3	33.00	0.95	8	11.9	0.33 (1.0%)
May 10	33.00	1.37	15	9.1	0.33 (1.0%)

10% Yield On UVXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 3	33.00	0.95	8	11.9	0.33 (1.0%)
May 10	33.00	1.37	15	9.1	0.33 (1.0%)

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Want more examples? UVV Dividend | UWM Dividend