Hey Mark, Mark here! Just wanted to ask your thoughts on Covered Call ETFs? Specifically XYLD - I obviously like the large dividends but XYLD has seen really good price growth since it’s creation (& great exposure to different sectors since it tracks the 500). Not a fan of QYLD personally, but I would love to hear your thoughts! Since they offer very high dividend yields I’m sure your audience is interested in what you have to say
Mark, great question and sorry for the late reply as I did not see this until now. In terms of Covered Call ETFs, they did gain a lot of attention in the past year, as investors saw these big juicy "yields." However, I do not invest in them as I do a lot of covered calls and cash secured put selling on my own. Also, looking at it more than a yield play is all you can do because you cannot expect much of anything in terms of performance. Those are just my thoughts in terms of these types of ETFs in general.
Hey Mark, Mark here! Just wanted to ask your thoughts on Covered Call ETFs? Specifically XYLD - I obviously like the large dividends but XYLD has seen really good price growth since it’s creation (& great exposure to different sectors since it tracks the 500). Not a fan of QYLD personally, but I would love to hear your thoughts! Since they offer very high dividend yields I’m sure your audience is interested in what you have to say
Mark, great question and sorry for the late reply as I did not see this until now. In terms of Covered Call ETFs, they did gain a lot of attention in the past year, as investors saw these big juicy "yields." However, I do not invest in them as I do a lot of covered calls and cash secured put selling on my own. Also, looking at it more than a yield play is all you can do because you cannot expect much of anything in terms of performance. Those are just my thoughts in terms of these types of ETFs in general.