CLIX Dividend Type Payments

Although CLIX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Long Online/Short Stores ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:50 PM ET):

ProShares Long Online/Short Stores ETF (CLIX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
50.29	50.37	50.16	-0.82	1K	-	0.0B

CLIX Dividend-Like Income Using Covered Calls

With CLIX at 50.16, 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%	1.50	0.4
5%	2.51	0.7
10%	5.02	1.4

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 CLIX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	51.00	0.40	89	0.4	0.63 (1.3%)
Dec 19	51.00	1.35	180	0.8	0.63 (1.3%)

5% Yield On CLIX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	51.00	1.35	180	0.8	0.63 (1.3%)

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Want more examples? CLIR Dividend | CLLS Dividend