TSL Dividend Type Payments

GraniteShares 1.25x Long TSLA Daily ETF dividend

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 10:50 AM ET):

GraniteShares 1.25x Long TSLA Daily ETF (TSL)
Bid Ask Last Change Volume P/E Market Cap
18.42 18.43 18.43 -0.46 390K - 0.0B

TSL Dividend-Like Income Using Covered Calls

With TSL at 18.43, 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% 0.55 0.2
5% 0.92 0.3
10% 1.84 0.5

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
Nov 21 19.00 0.60 29 2.1 0.57 (3.1%)
Mar 20 25.00 0.30 148 0.2 6.57 (35.6%)
5% Yield On TSL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 19.00 0.60 29 2.1 0.57 (3.1%)
10% Yield On TSL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 19.00 0.60 29 2.1 0.57 (3.1%)

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Want more examples? TSEM Dividend | TSLA Dividend