PILL Dividend Type Payments

Direxion Daily Pharmaceutical & Medical Bull 3X Shares dividend

Although PILL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Direxion Daily Pharmaceutical & Medical Bull 3X Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL)
Bid Ask Last Change Volume P/E Market Cap
8.52 9.75 9.09 +0.19 67K - 0.0B

PILL Dividend-Like Income Using Covered Calls

With PILL at 9.09, 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% 0.27 0.1
5% 0.45 0.1
10% 0.91 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 PILL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 10.00 0.20 46 0.4 0.25 (2.8%)
5% Yield On PILL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 10.00 0.20 46 0.4 0.25 (2.8%)
10% Yield On PILL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 10.00 0.20 46 0.4 0.25 (2.8%)

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

 
 
Top 10 Open Interest For Nov 15 Expiration     Top 5 High Yield
1.FXI dividend 6.TLT dividend   1.SMCI dividend
2.NVDA dividend 7.IWM dividend   2.UPST dividend
3.SLV dividend 8.EWZ dividend   3.AFRM dividend
4.SPY dividend 9.TSLA dividend   4.FSLY dividend
5.EEM dividend 10.QQQ dividend   5.PINS dividend

Want more examples? PII Dividend | PIN Dividend