VIXY Dividend Type Payments

Although VIXY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares 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 Mon 9:50 AM ET):

ProShares VIX Short-Term Futures ETF (VIXY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
42.94	42.97	42.94	-1.82	266K	-	0.0B

VIXY Dividend-Like Income Using Covered Calls

With VIXY at 42.94, 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%	1.29	0.4
5%	2.15	0.6
10%	4.29	1.2

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 VIXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	43.00	1.90	12	15.8	0.03 (0.1%)
Sep 19	105.00	0.20	47	0.4	62.03 (144.5%)

5% Yield On VIXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	43.00	1.90	12	15.8	0.03 (0.1%)
Sep 19	43.00	3.70	47	7.9	0.03 (0.1%)

10% Yield On VIXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	43.00	1.90	12	15.8	0.03 (0.1%)
Sep 19	43.00	3.70	47	7.9	0.03 (0.1%)

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Want more examples? VIXM Dividend | VKTX Dividend