URE Dividend Type Payments

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

ProShares Ultra Real Estate (URE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
62.88	65.70	64.11	-0.72	2K	-	0.1B

URE Dividend-Like Income Using Covered Calls

With URE at 64.11, 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%	1.92	0.5
5%	3.21	0.9
10%	6.41	1.8

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 URE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	66.00	0.50	60	0.8	0.30 (0.5%)
Sep 19	66.00	2.30	123	1.9	0.30 (0.5%)

5% Yield On URE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	66.00	2.30	123	1.9	0.30 (0.5%)
Dec 19	66.00	4.40	214	2.1	0.30 (0.5%)

10% Yield On URE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	66.00	2.30	123	1.9	0.30 (0.5%)
Dec 19	66.00	4.40	214	2.1	0.30 (0.5%)

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Top 10 Open Interest For Jun 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	URGN dividend
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3.	SLV dividend	8.	FXI dividend	3.	ZIM dividend
4.	QQQ dividend	9.	TSLA dividend	4.	NBIS dividend
5.	EEM dividend	10.	XLF dividend	5.	KALV dividend

Want more examples? URBN Dividend | URGN Dividend