UXI Dividend Type Payments
Although UXI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Ultra Industrials to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| ProShares Ultra Industrials (UXI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 15.83 | 47.49 | 31.66 | -0.29 | 5K | - | 0.0B |
UXI Dividend-Like Income Using Covered Calls
With UXI at 31.66, 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% | 0.95 | 0.3 |
| 5% | 1.58 | 0.4 |
| 10% | 3.17 | 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:
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| Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | HYG dividend | 6. | KWEB dividend | 1. | VNDA dividend | |
| 2. | IWM dividend | 7. | EEM dividend | 2. | CVNA dividend | |
| 3. | FXI dividend | 8. | SLV dividend | 3. | DJT dividend | |
| 4. | SPY dividend | 9. | TSLA dividend | 4. | MPW dividend | |
| 5. | QQQ dividend | 10. | EWZ dividend | 5. | UPST dividend | |
Want more examples? UWM Dividend | UXIN Dividend
