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 Wed 4:16 PM ET):

GraniteShares 1.25x Long TSLA Daily ETF (TSL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
9.48	9.50	9.55	+0.61	701K	-	0.0B

TSL Dividend-Like Income Using Covered Calls

With TSL at 9.55, 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%	0.29	0.1
5%	0.48	0.1
10%	0.96	0.3

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:

3% Yield On TSL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	10.00	0.05	24	0.2	0.50 (5.2%)
Sep 19	10.00	1.10	150	0.7	0.50 (5.2%)

5% Yield On TSL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	10.00	0.05	24	0.2	0.50 (5.2%)
Sep 19	10.00	1.10	150	0.7	0.50 (5.2%)

10% Yield On TSL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	10.00	1.10	150	0.7	0.50 (5.2%)
Dec 19	10.00	1.00	241	0.4	0.50 (5.2%)

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Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	ROKU dividend
2.	SPY dividend	7.	IWM dividend	2.	UPST dividend
3.	TLT dividend	8.	FXI dividend	3.	APLD dividend
4.	SLV dividend	9.	TSLA dividend	4.	SMCI dividend
5.	QQQ dividend	10.	IBIT dividend	5.	HTZ dividend

Want more examples? TSEM Dividend | TSLA Dividend