The Best Way To Play Covered Call ETFs Right Now

Most covered call ETFs work similarly. And here’s where I think the disconnect is: When the underlying, QQQ in this case, goes up nicely, no one notices the mechanics. But what about when QQQ goes down, and not just for a month or two?In round numbers, over the past 12 months, QQQ has made 12%. QYLD has made about 6%, which is the yield minus the “principal drag” from forsaking most of the upside in order to spin off monthly cash flow, funded by option premiums.QQQ yields next to nothing, but QYLD yields mo ...