Most traders don’t struggle with covered calls because the strategy is broken. It’s because they start in the wrong place: Scrolling through random tickers, chasing yield, or forcing trades on stocks that don’t belong in an income strategy is how accounts get chopped up quietly over time. In this clip from options strategist Rick Orford’s latest video, he walks through the exact screening process he uses to narrow the entire market down to high-quality covered call candidates—before ever looking at a char ...

Core Insights - The article discusses the strategy of rolling covered calls, which allows traders to adjust their positions in response to market changes [3][4]. Group 1: Definition and Purpose of Rolling - Rolling a covered call involves closing an existing position and opening a new one with a different strike price or expiration date, adapting to new market conditions [3]. - The primary reasons for rolling include collecting more premium, avoiding assignment, regaining upside potential, and tax considerations [4][8]. Group 2: Examples of Rolling Strategies - In the case of Salesforce (CRM), rolling down from a $265 call to a $250 call can increase annualized returns from 8.2% to 24.5%, while sacrificing some potential gains [5][6]. - For NVIDIA (NVDA), rolling up from a $190 call to a $195 call allows traders to capture more upside potential by paying to regain part of their gains [7].

Group 1: Fund Overview - The XAI Madison Equity Premium Income Fund (NYSE: MCN) aims to provide a high level of current income and gains, with a secondary objective of capital appreciation [3] - The Fund invests primarily in high quality, large and mid-capitalization stocks that are considered reasonably priced relative to their long-term earnings growth rates [3] - The Fund employs a strategy of selling covered call options on its portfolio stocks to generate current earnings from option premiums [3] Group 2: Upcoming Webinar - The Fund will host its Quarterly Webinar on November 6, 2025, at 11:00 am (Eastern Time) [1] - Jared Hagen will moderate the webinar, featuring Kimberly Flynn and Ray Di Bernardo [1] Group 3: Company Background - XA Investments LLC, founded in 2016, serves as the investment adviser for the XAI Madison Equity Premium Income Fund and other funds [4] - Madison Investments, established in 1974, manages approximately $29.6 billion in assets as of September 30, 2025, and has experience in covered call strategies [6]

Core Insights - Investing in dividend-paying ETFs offers diversification and passive income regardless of market conditions [1] - The S&P 500 index is at an all-time high, up over 27% from its April low [1] Group 1: Dividend-Paying ETFs - The "V-Shaped" recovery may cause hesitation among investors, making diversified ETFs that generate passive income appealing [2] - Recommended ETFs include the Global X MLP ETF, Schwab US Dividend Equity ETF, and JP Morgan Nasdaq Equity Premium Income ETF [2] Group 2: Global X MLP ETF - This ETF focuses on midstream master limited partnerships (MLPs) that own natural gas pipelines and storage assets, offering a trailing-12-month distribution yield of 7.5% [4] - The ETF's performance shows little correlation with the S&P 500, providing a way to invest without increasing exposure to the index [5][7] - Natural gas is recognized for its crucial role in future energy provision, balancing the intermittency of renewable energy sources [8] Group 3: Schwab U.S. Dividend Equity ETF - The ETF has a 30-day SEC yield of 3.8% and a low total expense ratio of 0.06% [9] - With net assets over $71 billion, it primarily holds large-cap stocks, which are less volatile and provide more reliable dividends [10] - Major holdings include Texas Instruments and Chevron, both with market caps exceeding $195 billion [11][13] Group 4: JP Morgan Nasdaq Equity Premium Income ETF - Launched in May 2022, this ETF aims to generate income through selling covered call options [14] - The ETF has a 30-day SEC yield of 11.2% as of June 30, 2025, and has gained 61.4% over three years when factoring in dividend income [18] - The fund's expense ratio is 0.35%, which is higher than typical index funds, but it offers unique income-generating strategies [22]