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QYLG Forecast

😨   QYLG: The Better Cousin Of QYLD

Global X Nasdaq 100® Covered Call & Growth ETF (NASDAQ:QYLG) is a covered call fund that writes monthly at-the-money covered calls on the Nasdaq 100 index (QQQ) but it comes with a twist as compared to its more famous sister QYLD (QYLD). The fund actually writes covered calls only against 50% of its holdings as opposed to QYLD which writes calls against 100% of its portfolio, so the upside is not capped. As a result, it offers half the yield of QYLD but offers better returns overall because it gets to participate in an upside.

seekingalpha.com     Jan 02, 2024