EUO Dividend Type Payments

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

ProShares UltraShort Euro (EUO)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
28.48	28.59	28.58	-0.22	79K	-	0.1B

EUO Dividend-Like Income Using Covered Calls

With EUO at 28.58, 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%	0.86	0.2
5%	1.43	0.4
10%	2.86	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 EUO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 21	29.00	0.20	38	0.5	0.41 (1.4%)
May 15	29.00	0.80	213	0.4	0.41 (1.4%)

5% Yield On EUO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 21	29.00	0.20	38	0.5	0.41 (1.4%)
Feb 20	29.00	0.75	129	0.6	0.41 (1.4%)

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Top 10 Open Interest For Oct 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	INTC dividend	1.	BHVN dividend
2.	IBIT dividend	7.	SLV dividend	2.	NB dividend
3.	SPY dividend	8.	AMZN dividend	3.	SANA dividend
4.	GLD dividend	9.	QQQ dividend	4.	AREC dividend
5.	TSLA dividend	10.	OPEN dividend	5.	EU dividend

Want more examples? EUM Dividend | EURL Dividend