SVXY Dividend Type Payments

Although SVXY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Short VIX Short-Term Futures ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

ProShares Short VIX Short-Term Futures ETF (SVXY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
40.56	40.78	40.60	+0.47	1.5M	-	0.8B

SVXY Dividend-Like Income Using Covered Calls

With SVXY at 40.60, 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%	1.22	0.3
5%	2.03	0.6
10%	4.06	1.1

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 SVXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	41.00	0.40	59	0.7	0.22 (0.5%)
Jul 18	41.00	1.15	31	3.7	0.22 (0.5%)

5% Yield On SVXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	41.00	0.40	59	0.7	0.22 (0.5%)
Jul 18	41.00	1.15	31	3.7	0.22 (0.5%)

10% Yield On SVXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	41.00	1.15	31	3.7	0.22 (0.5%)
Sep 19	43.00	1.20	94	1.3	2.22 (5.5%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Jun 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	ALT dividend
2.	SPY dividend	7.	GLD dividend	2.	RUN dividend
3.	QQQ dividend	8.	TLT dividend	3.	CAPR dividend
4.	TSLA dividend	9.	AAPL dividend	4.	SWBI dividend
5.	SLV dividend	10.	INTC dividend	5.	QUBT dividend

Want more examples? SVRA Dividend | SWAN Dividend