Core Insights - Covered-call strategies are beneficial for income investors, providing returns regardless of market direction, with some funds yielding as high as 89% [2][5] Group 1: Overview of Covered Calls - Covered calls involve selling call options against stocks already owned, allowing investors to earn premiums while potentially selling shares at a predetermined price [4] - This strategy generates income in flat and down markets, making it appealing for income-focused investors [5] Group 2: Fund Analysis - **FT Vest Rising Dividend Achievers Target Income ETF (RDVI)**: Offers an 8.2% yield, focusing on dividend growers from the Nasdaq US Rising Dividend Achievers Index, but has shown underperformance compared to its index [6][8] - **FT Energy Income Partners Enhanced Income ETF (EIPI)**: Launched in 2024 with a 7.3% yield, actively manages covered calls on individual energy stocks, outperforming its energy benchmark [9][12] - **Global X Russell 2000 Covered Call ETF (RYLD)**: Provides a 12.1% yield, but has underperformed its index despite offering limited downside protection [11][14] - **YieldMax NVDA Option Income Strategy (NVDY)**: Features an exceptionally high yield of 88.9%, trading NVIDIA shares and selling calls, but sustainability of returns is questionable if NVIDIA's stock performance declines [15][16]

We're back on Morning Trade Live. It's the [music] most wonderful time of the year. It's also one of the busiest times of the year for airlines.The FAA anticipating the busiest [music] Thanksgiving travel period in 15 years. And now the focus moves to late December. The Jets ETF is near three-year highs [music] and is up nearly 60% from its April low.So, let's go inside out on [music] airlines this morning. Joining us now is Jarrett Bilis, airlines managing director, S&P Global Ratings. Thanks so much for j ...

The ProShares S&P 500 High Income ETF ( ISPY ) is one of the many covered call strategy based ETF variants on an underlying S&P 500 like holding. Within this universe, there are some low-frequency-positions-based ETFs that writeI am a stock analyst with over 20 years of experience in quantitative research, financial modeling, and risk management. My focus is on equity valuation, market trends, and portfolio optimization to uncover high-growth investment opportunities. As a former Vice President at Barclays, ...

Core Insights - Northeast Financial Group increased its holdings in the Goldman Sachs S&P 500 Premium Income ETF (GPIX) by $9.25 million in Q3 2025, acquiring 171,817 shares, bringing its total stake to 286,368 shares [2][3] Group 1: Investment Strategy - GPIX employs a covered call strategy to enhance returns, providing investors with exposure to the S&P 500 while generating a high yield of 7.97% [5][12] - The fund's net assets are reported at $1.76 billion, with a 1-year total return of 15.17% as of December 2, 2025 [4][5] Group 2: Performance Metrics - As of September 30, 2025, Northeast Financial's GPIX holdings were valued at $14.96 million, a significant increase from $5.71 million in Q2 2025 [2] - GPIX shares were priced at $52.44, reflecting a 13.1% increase over the past year, slightly outperforming the S&P 500 [3][4] Group 3: Portfolio Composition - Northeast Financial's GPIX stake represents 3.72% of its total reportable assets under management, which amount to $401.58 million [3] - The portfolio primarily consists of equity holdings that mirror the S&P 500, maintaining diversification across styles, capitalizations, and industries [7][8]

Company Overview - Omega Healthcare Investors, Inc. is a self-administered real estate investment trust (REIT) focused on investing in income-producing healthcare facilities, primarily long-term care facilities in the U.S. and the U.K. [7] - The company provides lease or mortgage financing to qualified operators of skilled nursing facilities (SNFs) and, to a lesser extent, assisted living facilities (ALFs), independent living facilities, and rehabilitation and acute care facilities [8]. Investment Opportunity - With markets becoming more volatile, investors are increasingly interested in generating income rather than capital gains, making Omega Healthcare a staple for dividend investors [1]. - The stock has a low Beta of 0.69 and a high yield of 6.07%, presenting an attractive opportunity for investors [1]. Covered Call Strategy - A covered call strategy can more than double the yield on OHI shares, involving selling call options against a stock position [2]. - Buying 100 shares of OHI costs $4,367, and the March 20, 2026 call option with a strike price of $46 was trading around $0.90, generating $90 in premium per contract [3]. - Selling the call option generates an income of 2.1% in 128 days, equating to approximately 6.0% annualized, in addition to the yearly dividend of $2.68, which yields 6.07% [3]. - The total yield from the covered call strategy increases from 6.07% to 12.07% [3]. Potential Returns - If OHI closes above the strike price of $46 at expiration, the shares will be called away, resulting in a total profit of $323, which translates to a 7.6% return or 21.5% on an annualized basis [4].

Covered call strategies have become a very popular fund type in recent years. By leaning on the options market, covered call funds offer high levels of income but can limit upside. ...

Core Insights - The iShares 20+ Year T-Bond Buywrite Strategy ETF (TLTW) has consistently yielded more than 10% since its inception over three years ago, despite fluctuations in interest rates [1][6] - TLTW is a $1.5 billion fund that employs a covered-call-writing strategy on the iShares 20+ Year Treasury ETF (TLT), which has nearly $50 billion in assets [2] - The bond market is transitioning to a more normal upward-sloping yield curve, enhancing the potential for long-term bonds to appreciate in price while providing attractive yields [3] Fund Strategy - TLTW primarily holds TLT and cash, selling covered call options on TLT using custom-designed FLEX options, which generates additional income on top of TLT's current yield of around 4% [4] - The technical outlook for TLT appears positive, with indicators suggesting a potential bullish trend [4] Market Context - Recent Federal Reserve interest rate actions and discussions regarding market conditions can influence long-term bond prices, providing traders with insights into TLT's price movements [5] - A comparison of the yield curve from four months ago to the current week indicates a yield drop, contributing to TLTW's overall return, which includes both covered call income and TLT's regular income [6] Risk Considerations - TLTW's performance is sensitive to price shocks from rising long-term bond rates, which can impact its income yield [7]

Core Insights - The resurgence of international equities is a significant theme for advisors and investors in 2025, with the MSCI EAFE Index up 24.1% year-to-date compared to the S&P 500's 12.4% return [1] - The NEOS MSCI EAFE High Income ETF (NIHI) offers a higher income proposition for investors in ex-U.S. developed market equities, yielding 2.75%, which is more than double the yield of competing S&P 500 ETFs [1] Group 1 - NIHI debuted last month and follows a simple strategy of selling calls on the iShares Core MSCI EAFE ETF (IEFA), avoiding complex options strategies that can lead to net asset value erosion [2] - The popularity of covered call ETFs has surged, particularly after the 2022 bond bear market, but they come with risks that investors should be aware of [3] - Covered call ETFs provide income through options contract premiums and dividends, but they may limit upside potential if call options are exercised [4] Group 2 - NEOS has demonstrated the ability to manage risks associated with call-writing while allowing for some upside participation for investors [4] - NIHI aims to balance income generation with potential upside, appealing to income-focused investors who also seek some growth [5] - Covered call ETFs may be particularly attractive when underlying securities are expected to trade sideways or decline slightly, allowing investors to trade off potential gains for near-term income [6]

Core Insights - The NEOS Real Estate High Income ETF (BATS: IYRI) is a covered call ETF focused on real estate, specifically equity REITs [1] - The ETF aims to provide income through a somewhat unconventional approach by utilizing covered call strategies on real estate assets [1] Group 1 - The ETF is designed to enhance income generation by employing a covered call strategy, which involves selling call options on the underlying equity REITs [1] - The underlying assets of the ETF are primarily equity REITs, which are known for their potential to provide stable income through dividends [1] - The ETF's structure is intended to appeal to investors seeking exposure to real estate while also looking for enhanced income through options strategies [1] Group 2 - Roberts Berzins, a financial management expert with over a decade of experience, has contributed to the institutionalization of the REIT framework in Latvia [1] - His efforts include developing national financing guidelines for state-owned enterprises and frameworks to channel private capital into affordable housing [1] - Berzins holds a CFA Charter and an ESG investing certificate, indicating a strong background in financial analysis and sustainable investing [1]

Core Viewpoint - The home building sector, particularly KB Home, is facing challenges with declining sales and margins, leading to a negative outlook for earnings in the near term, with expectations for a turnaround not anticipated until 2026 at the earliest [3][6][7]. Company Summary - KB Home is expected to report adjusted EPS of $1.50 for Q3, with revenue projected at $1.6 billion [1]. - The company has struggled with sales pace and has overbuilt spec supply, resulting in a year-to-date price decline of approximately 10% [3]. - The earnings and orders for KB Home are expected to be down year-over-year due to these challenges [3][6]. Industry Summary - The home building industry has been negatively impacted by high mortgage rates, with most builders, including KB Home, experiencing margin compression [3][11]. - Builders have been competing by cutting prices and offering incentives, such as below-market mortgage rates, to attract buyers [7][8]. - The recent Fed rate cut of 25 basis points has not significantly affected the market, as many builders have already been offering lower rates throughout the year [8][9]. - Builders focused on build-to-order rather than spec homes are better positioned to manage margin pressures, with those serving entry-level markets facing the greatest challenges [11][12][13].