COPX Dividend Type Payments

Although COPX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Copper Miners ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Global X Copper Miners ETF (COPX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
77.52	77.90	77.54	+1.92	3.0M	-	5.1B

COPX Dividend-Like Income Using Covered Calls

With COPX at 77.54, 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%	2.33	0.6
5%	3.88	1.1
10%	7.75	2.1

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 COPX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	80.00	1.00	8	12.5	2.10 (2.7%)
Apr 17	100.00	1.65	99	1.7	22.10 (28.5%)

5% Yield On COPX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	80.00	1.00	8	12.5	2.10 (2.7%)
Apr 17	100.00	1.65	99	1.7	22.10 (28.5%)

10% Yield On COPX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	80.00	1.00	8	12.5	2.10 (2.7%)
Apr 17	80.00	6.30	99	6.4	2.10 (2.7%)

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Top 10 Open Interest For Jan 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	AAPL dividend	1.	LXEO dividend
2.	INTC dividend	7.	SPY dividend	2.	SOC dividend
3.	IBIT dividend	8.	NFLX dividend	3.	DAWN dividend
4.	TLT dividend	9.	GLD dividend	4.	TE dividend
5.	SLV dividend	10.	QQQ dividend	5.	CRVS dividend

Want more examples? COP Dividend | COR Dividend