SSUS Dividend Type Payments
Although SSUS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Day Hagan Smart Sector ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 9:50 AM ET):
| Day Hagan Smart Sector ETF (SSUS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 47.83 | 47.86 | 47.76 | -0.10 | 1K | - | 0.0B |
SSUS Dividend-Like Income Using Covered Calls
With SSUS at 47.76, 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% | 1.43 | 0.4 |
| 5% | 2.39 | 0.7 |
| 10% | 4.78 | 1.3 |
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:
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | GLD dividend | 1. | CRML dividend | |
| 2. | KVUE dividend | 7. | TLT dividend | 2. | SERV dividend | |
| 3. | NVDA dividend | 8. | EEM dividend | 3. | FLNC dividend | |
| 4. | SLV dividend | 9. | INTC dividend | 4. | AMPX dividend | |
| 5. | HYG dividend | 10. | QQQ dividend | 5. | IONQ dividend | |
Want more examples? SSTK Dividend | SSYS Dividend
