FXP Dividend Type Payments

Although FXP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Ultrashort 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 Fri 4:16 PM ET):

ProShares Ultrashort FTSE China 50 (FXP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
18.05	18.18	18.17	-0.73	4K	-	0.0B

FXP Dividend-Like Income Using Covered Calls

With FXP at 18.17, 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%	0.55	0.1
5%	0.91	0.2
10%	1.82	0.5

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 FXP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	19.00	0.80	246	0.3	0.82 (4.5%)
Jun 20	19.00	1.65	155	1.1	0.82 (4.5%)

5% Yield On FXP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	19.00	0.80	246	0.3	0.82 (4.5%)
Jun 20	19.00	1.65	155	1.1	0.82 (4.5%)

10% Yield On FXP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	19.00	1.65	155	1.1	0.82 (4.5%)
Feb 21	20.00	0.55	36	1.5	1.82 (10.0%)

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Top 10 Open Interest For Feb 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	FXI dividend	1.	RGTI dividend
2.	TLT dividend	7.	TSLA dividend	2.	QUBT dividend
3.	IWM dividend	8.	AMZN dividend	3.	DJT dividend
4.	SPY dividend	9.	ASHR dividend	4.	MSTR dividend
5.	SLV dividend	10.	AAPL dividend	5.	SOUN dividend

Want more examples? FXO Dividend | FXR Dividend