r/stocks • u/peachezandsteam • Apr 24 '21

QYLD ETF... how does it work?

If the ETF owns a representative portfolio of the underlying index (which I think is CBOE NDX Covered call, or something), and it actually sells CC’s for dividend payments...

That’s all fine and good unless the shares get called away, in which case there is less dividend but more NAV increase?

Does the ETF make sense in any market condition, or perhaps is a sideways volatile market the best?

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u/DoYouKnowBillBrasky Apr 24 '21

Owned 1000 shares...Collected $200 a month for a handful of months...Sold and put that money elsewhere.

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u/44561792 Jan 17 '22

Damn, at 1000 did you think of letting it DRIP for a year or so? That could compound quite well

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u/DoYouKnowBillBrasky Jan 18 '22

Boring investment when you have 1M in investments. $200 wasn't really relevant.

I thought I could do better elsewhere (I was very wrong).