YXI Dividend Type Payments
Although YXI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Short FTSE China 50 to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:50 PM ET):
| ProShares Short FTSE China 50 (YXI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 20.22 | 20.28 | 20.27 | +0.01 | 95K | - | 0.0B |
YXI Dividend-Like Income Using Covered Calls
With YXI at 20.27, 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% | 0.61 | 0.2 |
| 5% | 1.01 | 0.3 |
| 10% | 2.03 | 0.6 |
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 Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | BHVN dividend | |
| 2. | INTC dividend | 7. | GLD dividend | 2. | DAWN dividend | |
| 3. | TLT dividend | 8. | NIO dividend | 3. | RARE dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | TMC dividend | |
| 5. | AAPL dividend | 10. | SPY dividend | 5. | ONDS dividend | |
Want more examples? YUMC Dividend | YYY Dividend
