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2023-05-12 09:15:00 ET Summary XYLD yields ~11% and pays a variable monthly distribution. The XYLD ETF uses Covered Calls on the S&P 500 to generate monthly income and offers some downside protection to investors. We compare XYLD's performance, yield, and valuation to othe...
2023-03-27 05:00:27 ET If there’s one thing we can be thankful for when it comes to the banking crisis, it’s this: at least it means fewer headlines about Fed rate hikes! That’s actually a good thing for us, because, as the Fed statement hinted on Wednesday, the Fed...
With the markets off to a hot start so far this year, it’s only natural to think things just might be getting a little toppy. I get it—and the truth is, this market is not without the risk of a short-term pullback. Here’s the good news: if this possibility has you...
Summary The SPXX fund dynamically sells calls on 35-75% of the notional value of the fund. It pays an attractive 7.5% forward yield. Overwriting strategies trade off return upside for premium income. This causes total returns to suffer in the long-run. The Nuveen S&P 5...
Summary QQQX and SPXX are equity option income CEFs. QQQX and SPXX are overvalued relative to their recent history. Alternatives for each fund are suggested. Author's note: This article was released to CEF/ETF Income Laboratory members as part of the CEF Weekly Rou...
A recession is on the way—and stocks are … rallying? It makes zero sense on the surface, but there is good reason for the bounce we’ve seen this week. And we’re going to play it with a 7.3%-paying fund that’s set to roll higher with a recovering ma...
Summary Covered call funds have outperformed YTD. SPXX is a strong S&P 500 covered call fund, and a good long-term investment. SPXX currently trades with a historically above-average 8.5% premium to NAV, and is not a buy at these levels. Author's note: This article...
Plenty of folks are starting to look toward the new year, and I’m getting a lot of questions about my outlook for high-yield closed-end funds (CEFs) for the rest of ’22 and into ’23. Of course, no one has a crystal ball when it comes to CEFs, stocks or the economy i...
Summary 0 out of 23 CEF sectors positive on price and 1 out of 23 sectors positive on NAV last week. Real estate CEFs lag. OPP rights offering expires. Author’s note: This article was released to CEF/ETF Income Laboratory members on September 21, 2022. Pleas...
Summary The Nuveen S&P 500 Dynamic Overwrite Fund is a buy-write CEF from Nuveen. The CEF has significantly outperformed the S&P 500 in 2022. In this article we analyze SPXX's return profile versus other buy-write CEFs and versus the Index to ascertain relative value p...
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2024-07-14 16:24:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-01 05:00:30 ET There are three very clear signs the stock-market bull will keep stampeding. Let’s dive into them, then talk about two discounted funds set to ride those gains (and pay us rich dividends up to 11.4% in the process). Bullish Signal #1: The US Worker is...
2024-06-14 20:30:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...