No Dividend? No Problem. Turning Growth Stocks into Income Plays – Direxion – 9.15.26

Summary:

Some of the stocks clients ask about most, NVIDIA, Tesla, Alphabet, Meta, Palantir, Micron, pay little or no dividend, which leaves a real gap for investors who want income without selling positions they still believe in. Traditional covered call strategies are one answer, but they typically cap upside during the exact rallies that make these stocks worth holding in the first place.

This session looks at how options-based income strategies work: how a weekly covered call generates premium, what happens to that income and to upside participation when a stock is trending, and how return of capital shapes the tax picture for a high-distribution strategy.

What you’ll learn:

• Why many of the market’s most-followed growth stocks generate little or no income for shareholders, and what that means for clients who want to hold rather than sell
• How a weekly, out-of-the-money covered call strategy can target income from option premium
• The tradeoff traditional covered call strategies make between income and upside, and a strategy you can use to address it
• How return of capital affects the tax treatment of a high-distribution strategy, and what advisors should understand before allocating client assets
• How these concepts apply in practice, using Direxion’s Defined Income Boost ETFs (GOIB, MEIB, MUIB, NVIB, PLIB, TSIB) as a working example

Accepted for 1 CFP / IWI / CFA CE Credit

Speakers:

Ryan Lee is a Senior Vice President of Product & Strategy at Direxion, where he focuses on product development, strategy, and bringing innovative ETF solutions to market.

Prior to joining Direxion, Ryan held roles at J.P. Morgan Asset Management and the New York Stock Exchange, specializing in ETF capital markets and market structure.

Ryan holds a degree in Economics from Boston College and is a Certified ETF Advisor.

Bilal Little is the Global ETF Strategist at Direxion, a 20-year veteran of institutional finance, Bilal has held senior roles at some of the most respected names in asset management.

Prior to Direxion, Bilal served as Director at the New York Stock Exchange in Exchange Traded Solutions, advising asset managers on ETF listings. He previously served as Senior Vice President at Harbor Capital Advisors, leading advisor solutions, and national accounts, and as a Director at BlackRock, serving on the US Wealth Advisory Commercial Strategy Committee, and prior to that as Senior Vice President at Neuberger Berman. He began his career at Lehman Brothers in 2006.

A recognized voice in the ETF industry, Bilal is the host of Inside the ICEHOUSE from NYSE’s ETF Central podcast, where he brings clarity, conviction, and context to topics that matter most to advisors, institutions, and self-directed investors alike. His expertise spans leveraged and inverse products, thematic strategies, and the broader evolution of the tactical trading ecosystem.

Bilal earned his bachelor’s degree from Hofstra University and his MBA from the USC Marshall School of Business. He also holds an MIT Sloan School of Management Certificate in Blockchain Technologies, FINRA Series 7, 65, and 63 licenses, and the Certified Exchange Traded Fund Advisor (CETF) designation.