If you're bullish on oil then this is not something you want to invest in, unless you're bullish and you need current income. The covered call strategy will give you yield, but remember that you're selling away the upside.
Expect it to underperform USO in a strong up market. It will do better in a flat, sideways, or slightly down market.
If you're bullish on oil then this is not something you want to invest in, unless you're bullish and you need current income. The covered call strategy will give you yield, but remember that you're selling away the upside.
Expect it to underperform USO in a strong up market. It will do better in a flat, sideways, or slightly down market.