SPDN Dividend Type Payments

Although SPDN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Direxion Daily S&P 500 Bear 1X Shares 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):

Direxion Daily S&P 500 Bear 1X Shares (SPDN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
10.93	10.94	10.93	+0.03	13.4M	-	0.1B

SPDN Dividend-Like Income Using Covered Calls

With SPDN at 10.93, 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%	0.33	0.1
5%	0.55	0.1
10%	1.09	0.3

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 SPDN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	11.00	0.50	235	0.2	0.06 (0.5%)

5% Yield On SPDN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	11.00	0.50	235	0.2	0.06 (0.5%)

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

Top 10 Open Interest For Mar 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	KWEB dividend	1.	QBTS dividend
2.	SPY dividend	7.	INTC dividend	2.	ZI dividend
3.	FXI dividend	8.	QQQ dividend	3.	SOUN dividend
4.	EEM dividend	9.	SLV dividend	4.	RUN dividend
5.	IWM dividend	10.	TLT dividend	5.	MARA dividend

Want more examples? SPD Dividend | SPDV Dividend