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Found something interesting recently - Covered Calls ETFs. QYLD for example. Thoughts on using this for passive income generation?
Came across Covered Calls ETFs recently and they seemed very interesting. QYLD provides a annual dividend yield of 11.99%. Downside is that the stock price remains flat, as with most dividend paying stocks. Could this be a good addition to a passive income strategy?
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Ang Yee Gary
17 Jun 2021
Medicine at National University Of Singapore
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Lin Yun Heng
14 Jun 2021
Senior Analyst at Delphi
Instead of risking your capital over layers and layers of derivatives that is clumped together into an ETF, why not just go for a lower risk but high certainty method - Stablecoins farming? Easily 20% annual yield.
Can check out Anchor Protocol or yield farming on BSC/Polygon.
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Quite sad that 30% dividend yield will eat a lot of profits. Better to learn options urself and sell...
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I am not keen on this due to monthly distribution
You will be taxed every month (30% withholding taxes)