SPXV Dividend Type Payments
Although SPXV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares S&P 500 Ex-Health Care ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:15 AM ET):
| ProShares S&P 500 Ex-Health Care ETF (SPXV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 70.14 | 70.31 | 70.28 | +0.54 | 1K | - | 0.0B |
SPXV Dividend-Like Income Using Covered Calls
With SPXV at 70.28, 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% | 2.11 | 0.6 |
| 5% | 3.51 | 1.0 |
| 10% | 7.03 | 1.9 |
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 SPXV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 16 | 70.00 | 1.25 | 162 | 0.6 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | MBX dividend | |
| 2. | SLV dividend | 7. | TSLA dividend | 2. | CORZ dividend | |
| 3. | SPY dividend | 8. | AMZN dividend | 3. | RUN dividend | |
| 4. | IWM dividend | 9. | INTC dividend | 4. | CAPR dividend | |
| 5. | IBIT dividend | 10. | QQQ dividend | 5. | PTON dividend | |
Want more examples? SPXU Dividend | SPY Dividend
