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 Fri 4:16 PM ET):

Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
95.70	98.50	95.80	+0.95	80K	-	0.5B

QQQE Dividend-Like Income Using Covered Calls

With QQQE at 95.80, 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%	2.87	0.8
5%	4.79	1.3
10%	9.58	2.6

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
Sep 19	99.00	1.15	106	1.1	0.50 (0.5%)
Dec 19	100.00	2.55	197	1.3	1.50 (1.6%)

5% Yield On QQQE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	99.00	3.00	197	1.5	0.50 (0.5%)

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Want more examples? QQQ Dividend | QQQJ Dividend