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
8.60 8.80 8.71 -0.13 42K - 0.0B

PILL Dividend-Like Income Using Covered Calls

With PILL at 8.71, 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% 0.26 0.1
5% 0.44 0.1
10% 0.87 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
Mar 20 9.00 0.40 137 0.3 0.20 (2.3%)
5% Yield On PILL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 9.00 0.40 137 0.3 0.20 (2.3%)
10% Yield On PILL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 9.00 0.40 137 0.3 0.20 (2.3%)

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Want more examples? PII Dividend | PIN Dividend