SDD Dividend Type Payments

Although SDD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares UltraShort SmallCap600 to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:40 AM ET):

ProShares UltraShort SmallCap600 (SDD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
14.92	14.99	14.74	-0.03	0K	-	0.0B

SDD Dividend-Like Income Using Covered Calls

With SDD at 14.74, 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%	0.44	0.1
5%	0.74	0.2
10%	1.47	0.4

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 SDD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	15.00	0.05	18	0.3	0.01 (0.1%)
Sep 19	15.00	0.30	53	0.6	0.01 (0.1%)

5% Yield On SDD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	15.00	0.05	18	0.3	0.01 (0.1%)
Sep 19	15.00	0.30	53	0.6	0.01 (0.1%)

10% Yield On SDD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	15.00	0.30	53	0.6	0.01 (0.1%)
Nov 21	15.00	0.80	116	0.7	0.01 (0.1%)

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Top 10 Open Interest For Aug 15 Expiration				Top 5 High Yield
1.	SLV dividend	6.	IBIT dividend	1.	NET dividend
2.	NVDA dividend	7.	TSLA dividend	2.	MBX dividend
3.	GLD dividend	8.	AMZN dividend	3.	APLD dividend
4.	IWM dividend	9.	QQQ dividend	4.	LUMN dividend
5.	SPY dividend	10.	INTC dividend	5.	RDDT dividend

Want more examples? SDCI Dividend | SDEM Dividend