SSG Dividend Type Payments
Although SSG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares UltraShort Semiconductors 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):
| ProShares UltraShort Semiconductors (SSG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 8.59 | 9.01 | 9.03 | +0.58 | 277K | - | 0.0B |
SSG Dividend-Like Income Using Covered Calls
With SSG at 9.03, 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% | 0.27 | 0.1 |
| 5% | 0.45 | 0.1 |
| 10% | 0.90 | 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 SSG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 16 | 11.00 | 0.35 | 95 | 0.4 | 1.99 (22.0%) | |
| Apr 17 | 10.00 | 1.45 | 186 | 0.8 | 0.99 (11.0%) | |
| 5% Yield On SSG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 16 | 11.00 | 0.35 | 95 | 0.4 | 1.99 (22.0%) | |
| Apr 17 | 10.00 | 1.45 | 186 | 0.8 | 0.99 (11.0%) | |
| 10% Yield On SSG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 16 | 11.00 | 0.35 | 95 | 0.4 | 1.99 (22.0%) | |
| Apr 17 | 10.00 | 1.45 | 186 | 0.8 | 0.99 (11.0%) | |
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| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | AIV dividend | |
| 2. | IBIT dividend | 7. | INTC dividend | 2. | AREC dividend | |
| 3. | GLD dividend | 8. | AMZN dividend | 3. | LAC dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | UAMY dividend | |
| 5. | TSLA dividend | 10. | IWM dividend | 5. | HIVE dividend | |
Want more examples? SSD Dividend | SSK Dividend
