It is OK for income strategies. It has returned 26 1/2% over the past year but owning the actual Nasdaq 100 would have returned 43%. It is better to buy the actual stocks if you don't need the income.
Warning flags. US-based product. Never trust yield. Covered calls on this product don't get the favourable capital gains treatment. It might be OK in an RRSP, RRIF, or RESP, but not in a TFSA. You're not hitting the sweet spot of favourable tax treatment.
Doesn't like writing covered calls on stuff that's very volatile, such as NASDAQ, gold, or oils.
Limits upside potential with covered call protection
Good defensive name.
Lower volatility.
Global X NASDAQ 100 Covered Call ETF is a American stock, trading under the symbol QYLD-Q on the NASDAQ (QYLD). It is usually referred to as NASDAQ:QYLD or QYLD-Q
In the last year, there was no coverage of Global X NASDAQ 100 Covered Call ETF published on Stockchase.
Global X NASDAQ 100 Covered Call ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Global X NASDAQ 100 Covered Call ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Global X NASDAQ 100 Covered Call ETF In the last year. It is a trending stock that is worth watching.
On 2025-01-14, Global X NASDAQ 100 Covered Call ETF (QYLD-Q) stock closed at a price of $18.17.
High yield good for dividend oriented investors. Good exposure to Nasdaq 100. Good for exposure to technology in a defensive way.