MMTM Dividend Type Payments

Although MMTM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR S&P 1500 Momentum Tilt 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):

SPDR S&P 1500 Momentum Tilt ETF (MMTM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
215.82	241.89	227.28	+0.51	3K	-	0.0B

MMTM Dividend-Like Income Using Covered Calls

With MMTM at 227.28, 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%	6.82	1.9
5%	11.36	3.1
10%	22.73	6.2

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 MMTM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	245.00	6.50	184	3.5	3.11 (1.4%)
Jul 18	245.00	1.80	93	1.9	3.11 (1.4%)

5% Yield On MMTM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	245.00	6.50	184	3.5	3.11 (1.4%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	STLA dividend
2.	SPY dividend	7.	GLD dividend	2.	UPST dividend
3.	TLT dividend	8.	FXI dividend	3.	NBIS dividend
4.	SLV dividend	9.	TSLA dividend	4.	HOOD dividend
5.	QQQ dividend	10.	INTC dividend	5.	RIOT dividend

Want more examples? MMSI Dividend | MMYT Dividend