VIXY Dividend Type Payments

Although VIXY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares 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 Wed 10:25 AM ET):

ProShares VIX Short-Term Futures ETF (VIXY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
44.56	44.59	44.59	-1.21	360K	-	0.0B

VIXY Dividend-Like Income Using Covered Calls

With VIXY at 44.59, 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%	1.34	0.4
5%	2.23	0.6
10%	4.46	1.2

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 VIXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	45.00	2.75	38	7.2	0.41 (0.9%)
Jul 18	45.00	1.10	10	11.0	0.41 (0.9%)

5% Yield On VIXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	45.00	2.75	38	7.2	0.41 (0.9%)
Jul 18	45.00	1.10	10	11.0	0.41 (0.9%)

10% Yield On VIXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	45.00	2.75	38	7.2	0.41 (0.9%)
Jul 18	45.00	1.10	10	11.0	0.41 (0.9%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Jul 18 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	TMC dividend
2.	SLV dividend	7.	AAPL dividend	2.	BYON dividend
3.	SPY dividend	8.	TLT dividend	3.	RXRX dividend
4.	TSLA dividend	9.	IBIT dividend	4.	CELC dividend
5.	IWM dividend	10.	QQQ dividend	5.	REPL dividend

Want more examples? VIXM Dividend | VKTX Dividend