TYD Dividend Type Payments
Although TYD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Direxion Daily 10-Yr Treasury Bull 3x Shrs to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| Direxion Daily 10-Yr Treasury Bull 3x Shrs (TYD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 25.82 | 26.29 | 26.06 | -0.23 | 14K | - | 0.0B |
TYD Dividend-Like Income Using Covered Calls
With TYD at 26.06, 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% | 0.78 | 0.2 |
| 5% | 1.30 | 0.4 |
| 10% | 2.61 | 0.7 |
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 TYD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 27.00 | 0.05 | 16 | 0.3 | 0.71 (2.7%) | |
| May 15 | 27.00 | 0.85 | 163 | 0.5 | 0.71 (2.7%) | |
| 5% Yield On TYD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 27.00 | 0.85 | 163 | 0.5 | 0.71 (2.7%) | |
| Sep 18 | 27.00 | 1.35 | 289 | 0.5 | 0.71 (2.7%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | S dividend | |
| 2. | SPY dividend | 7. | GLD dividend | 2. | IOT dividend | |
| 3. | QQQ dividend | 8. | TLT dividend | 3. | HPE dividend | |
| 4. | IWM dividend | 9. | SLV dividend | 4. | RZLT dividend | |
| 5. | IBIT dividend | 10. | FXI dividend | 5. | BBAI dividend | |
Want more examples? TXT Dividend | TYL Dividend
