UVXY Dividend Type Payments

Although UVXY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Ultra VIX Short-Term Futures ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:20 PM ET):

ProShares Ultra VIX Short-Term Futures ETF (UVXY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
21.51	21.52	21.52	-0.62	9.7M	-	0.0B

UVXY Dividend-Like Income Using Covered Calls

With UVXY at 21.52, 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%	0.65	0.2
5%	1.08	0.3
10%	2.15	0.6

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 UVXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	21.50	2.02	31	6.5	0.00 (0.0%)
Jun 6	21.50	0.69	4	16.8	0.00 (0.0%)

5% Yield On UVXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	21.50	2.02	31	6.5	0.00 (0.0%)
Jun 6	21.50	0.69	4	16.8	0.00 (0.0%)

10% Yield On UVXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	21.50	2.02	31	6.5	0.00 (0.0%)
Jun 6	21.50	0.69	4	16.8	0.00 (0.0%)

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Want more examples? UVV Dividend | UWM Dividend