Core Insights - Options-based ETFs are gaining traction among income-seeking investors, highlighting the appeal of high yields [1] - Many novice investors are entering these investments without proper due diligence, which is crucial for understanding the underlying strategies [2] Group 1: ETF Strategies - A significant portion of options income ETFs are covered call funds, which may lead investors to overlook the benefits of put selling [2][5] - The Neuberger Berman Option Strategy ETF (NBOS) offers an actively managed put-write strategy that is comparable in complexity to covered call strategies [3] Group 2: Benefits of Put Selling - Put option sellers aim for the options to expire worthless, granting them premium income, which can act as a buffer during market downturns [4][6] - Selling puts can potentially allow investors to acquire underlying assets at a lower cost basis due to the premiums collected [6] Group 3: Market Versatility - Put selling, as facilitated by ETFs like NBOS, is considered more versatile than covered calls, particularly in flat markets [7] - Historically, put writing has shown a greater capacity for upside capture in bull markets compared to covered call strategies, allowing for less limitation on gains [7]