ONEY Dividend Type Payments
Although ONEY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR Russell 1000 Yield Focus ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:45 PM ET):
| SPDR Russell 1000 Yield Focus ETF (ONEY) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 111.49 | 111.61 | 111.62 | +1.07 | 2K | - | 0.0B |
ONEY Dividend-Like Income Using Covered Calls
With ONEY at 111.62, 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% | 3.35 | 0.9 |
| 5% | 5.58 | 1.5 |
| 10% | 11.16 | 3.1 |
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:
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | CIFR dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | EOSE dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | OKLO dividend | |
| 4. | TSLA dividend | 9. | IBIT dividend | 4. | CELC dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | AEVA dividend | |
Want more examples? ONEV Dividend | ONLN Dividend
