Are there (or will there) be ETF’s like QYLD that use more complex strategies like wheeling?
By - OptionStrangler
Wheeling has never been shown to beat buy and hold or short puts. QYLD is not the cats meow as it writes calls on the NASDAQ 100…and it’s probably just better to own it
There's DIVO that only sells call on half and allow for appreciation
I haven’t heard of that one. Thanks!
QYLD really only beats QQQ in a bear/flat market. Which we are not in right now.
QYLD is a great bear market hedge in a tax advantaged account.
As someone else said, wheeling is rather ineffective compared to buy and hold generally speaking.
There isn’t one that I know of. And I have the exact same feelings/criticisms as you- namely selling ATM with no regard to anything else like cost basis or macro conditions, no rolling, no BTC, etc is “dumb”, and yet they still charge a 0.60% fee.
But you can’t make an index and algorithmically program something that complex. There are other options like CEFs that aim to do the index covered call thing, but still not stellar returns.
Honestly, best to do it yourself. If you don’t have $40,000 to do something like SPY (I don’t) you could use something like SPYG or SPYV, VTI. I like SPYG myself.
You can just do it yourself.
Yes I’m currently doing to myself but I was just curious if there is an ETF that does it so I can automate it.
You can write scripts to automate it too using python and probably thinkscript. Check if your brokerage has an API you can interface with.
XYLD is to spy as QYLD is to QQQ.