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baranja wrote: What it she percentage of covered calls sold against the whole portfolio? 50%? basicaly UMAX shold at least appreciate half of what those underlying stocks grow for, while 15% div comes from Dividents from those stocks and coverted calls fees. minus their fees of 0.65% montly. They probably take about 10% of everything as fees. Those utility stocks valuse grew during the last few monts, Why is this going nowhere? Where did the money go? 1condor wrote: Sirlostalot...expect very little if any capital appreciation out of this ETF. This is not what these covered calls are designed to do. In fact over time the SP will very likely erode with the payout being so hefty at 16 cents a month. These covered called ETF's (and there are a load of them out there now) are not all what they seem. Before buying check and compare against other (non covered called) utility ETF's and you will get a much more clearer picture.
1condor wrote: Sirlostalot...expect very little if any capital appreciation out of this ETF. This is not what these covered calls are designed to do. In fact over time the SP will very likely erode with the payout being so hefty at 16 cents a month. These covered called ETF's (and there are a load of them out there now) are not all what they seem. Before buying check and compare against other (non covered called) utility ETF's and you will get a much more clearer picture.
