NUSI - Equity ETFs: Last Day For NUSI's December Options

December, 17 2020 11:22 AM Nationwide Risk-Managed Income

I've been a buyer of NUSI to the point where it's my second-largest position. And if the new year ushers in some selling, NUSI is still a good ETF to own.
Though NUSI has a similar portfolio as the NASDAQ-100 index (QQQ), it uses a very defensive collar option strategy on 100% of the notional value of the portfolio.
This makes NUSI act more like a bond in terms of its narrow movements, especially for the period after the options are initiated, like beginning again tomorrow.
But if you own NUSI, you may have noticed that it has been following the QQQs 1-for-1 this past week or so. How can that be if the fund is supposed to be uber defensive?

For further details see:

Company Name:	Nationwide Risk-Managed Income
Stock Symbol:	NUSI
Market:	NYSE