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 Fri 4:16 PM ET):

ProShares VIX Short-Term Futures ETF (VIXY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
25.58	25.65	25.60	+0.12	2.1M	-	0.0B

VIXY Dividend-Like Income Using Covered Calls

With VIXY at 25.60, 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%	0.77	0.2
5%	1.28	0.4
10%	2.56	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 VIXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	26.00	4.00	154	2.6	0.35 (1.4%)
Sep 18	26.00	4.30	246	1.7	0.35 (1.4%)

5% Yield On VIXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	26.00	4.00	154	2.6	0.35 (1.4%)
Sep 18	26.00	4.30	246	1.7	0.35 (1.4%)

10% Yield On VIXY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	26.00	4.00	154	2.6	0.35 (1.4%)
Sep 18	26.00	4.30	246	1.7	0.35 (1.4%)

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

Top 10 Open Interest For Feb 20 Expiration				Top 5 High Yield
1.	KWEB dividend	6.	HYG dividend	1.	OCUL dividend
2.	SLV dividend	7.	AAPL dividend	2.	CRML dividend
3.	NVDA dividend	8.	INTC dividend	3.	ONDS dividend
4.	IBIT dividend	9.	TLT dividend	4.	CIFR dividend
5.	CORZ dividend	10.	QQQ dividend	5.	EOSE dividend

Want more examples? VIXM Dividend | VKTX Dividend