QQQE Dividend Type Payments

Although QQQE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Direxion NASDAQ-100 Equal Weighted Index Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
92.10	99.00	97.75	-0.82	144K	-	0.5B

QQQE Dividend-Like Income Using Covered Calls

With QQQE at 97.75, 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%	2.93	0.8
5%	4.89	1.3
10%	9.78	2.7

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 QQQE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	100.00	0.60	38	1.6	1.00 (1.0%)
Dec 19	100.00	2.00	101	2.0	1.00 (1.0%)

5% Yield On QQQE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	100.00	0.60	38	1.6	1.00 (1.0%)
Dec 19	100.00	2.00	101	2.0	1.00 (1.0%)

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Top 10 Open Interest For Sep 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IBIT dividend	1.	RNA dividend
2.	PCG dividend	7.	QQQ dividend	2.	ATYR dividend
3.	IWM dividend	8.	SLV dividend	3.	ADBE dividend
4.	SPY dividend	9.	FXI dividend	4.	ASTS dividend
5.	EEM dividend	10.	TSLA dividend	5.	RH dividend

Want more examples? QQQ Dividend | QQQJ Dividend