ETQ Dividend Type Payments

T-Rex 2X Inverse Ether Daily Target ETF dividend

Although ETQ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on T-Rex 2X Inverse Ether Daily Target ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

T-Rex 2X Inverse Ether Daily Target ETF (ETQ)
Bid Ask Last Change Volume P/E Market Cap
6.20 6.34 6.30 +0.09 53K - 0.0B

ETQ Dividend-Like Income Using Covered Calls

With ETQ at 6.30, 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% 0.19 0.1
5% 0.32 0.1
10% 0.63 0.2

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 ETQ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 7.00 0.50 170 0.3 0.66 (10.5%)
5% Yield On ETQ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 7.00 0.50 170 0.3 0.66 (10.5%)
10% Yield On ETQ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 7.00 0.50 170 0.3 0.66 (10.5%)

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