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 11:40 AM ET):

ProShares VIX Short-Term Futures ETF (VIXY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
28.86	28.87	28.86	+0.14	1.6M	-	0.0B

VIXY Dividend-Like Income Using Covered Calls

With VIXY at 28.86, 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%	0.87	0.2
5%	1.44	0.4
10%	2.89	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 VIXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	29.00	0.45	5	9.0	0.13 (0.5%)
Jan 16	29.00	1.20	33	3.6	0.13 (0.5%)

5% Yield On VIXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	29.00	0.45	5	9.0	0.13 (0.5%)
Jan 16	29.00	1.20	33	3.6	0.13 (0.5%)

10% Yield On VIXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	29.00	0.45	5	9.0	0.13 (0.5%)
Jan 16	29.00	1.20	33	3.6	0.13 (0.5%)

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Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
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4.	IWM dividend	9.	SLV dividend	4.	SGML dividend
5.	QQQ dividend	10.	NFLX dividend	5.	TE dividend

Want more examples? VIXM Dividend | VKTX Dividend