QYLD: Risks Outweigh Upside Potential [Seeking Alpha]
Nuveen NASDAQ 100 Dynamic Overwrite Fund - Closed End Fund (QQQX)
US:NASDAQ Investor Relations:
nuveen.com/cef/product/data.aspx?fundcode=diax
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Source: Seeking Alpha
However, the current dividend yield of ~11.6% may not be sufficient to compensate for the downside risks. The current option premium is relatively low (because of the low implied volatility) while downside risk is high given the elevated P/E of the Nasdaq index. This idea was discussed in more depth with members of my private investing community, Envision Early Retirement. Learn More » Thesis The Global X NASDAQ 100 Covered Call ETF NASDAQ: QYLD ) has gained popularity among investors. It uses a covered-call strategy (more on this later) to strike a balance between income and growth potential. Admittedly, its use of covered calls puts a limit on its upside potential compared to other indexed ETFs that track the Nasdaq 100-Index ( NDX ) directly. However, by selling calls, this capped upside also translates to higher current income (and also potentially lower volatility during market corrections). Thus, the fund can be appealing to a variety of investors, particularly those
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QQQX
Sec Filings
- 3/15/24 - Form N-CEN
- 3/11/24 - Form 3
- 3/8/24 - Form 3
- QQQX's page on the SEC website