TSL Dividend Type Payments

Although TSL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on GraniteShares 1.25x Long TSLA Daily ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:50 AM ET):

GraniteShares 1.25x Long TSLA Daily ETF (TSL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
14.27	14.28	14.34	+0.32	160K	-	0.0B

TSL Dividend-Like Income Using Covered Calls

With TSL at 14.34, 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%	0.43	0.1
5%	0.72	0.2
10%	1.43	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 TSL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	15.00	1.00	64	1.6	0.72 (5.0%)
Sep 19	15.00	1.60	127	1.3	0.72 (5.0%)

5% Yield On TSL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	15.00	1.00	64	1.6	0.72 (5.0%)
Sep 19	15.00	1.60	127	1.3	0.72 (5.0%)

10% Yield On TSL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	15.00	1.00	64	1.6	0.72 (5.0%)
Sep 19	15.00	1.60	127	1.3	0.72 (5.0%)

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Top 10 Open Interest For Jun 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	SHLS dividend
2.	SPY dividend	7.	GLD dividend	2.	REAL dividend
3.	SLV dividend	8.	FXI dividend	3.	ASPI dividend
4.	QQQ dividend	9.	TSLA dividend	4.	TVTX dividend
5.	EEM dividend	10.	XLF dividend	5.	TH dividend

Want more examples? TSEM Dividend | TSLA Dividend