A Covered Call Approach to the NASDAQ 100 Rally

As the NASDAQ 100 index surges, reaching a record high of 24,503 points after a 6.6% gain over the past month, the Global X NASDAQ 100 Covered Call ETF (QYLD) offers a distinct strategy for investors. This fund leverages the current market momentum to generate regular income through a systematic options strategy, presenting an alternative to direct index investment.

The robust performance of the NASDAQ 100 is being fueled by two primary factors: breakthroughs in artificial intelligence and impressive quarterly results from semiconductor manufacturers. While the short-term chart pattern indicates a sustained upward trend, some technical indicators suggest the market may be entering overbought territory. This environment of potential volatility creates ideal conditions for QYLD’s methodology. The ETF employs a buy-write strategy, which becomes particularly... Read more...