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Began poking at "alternative ideas" today... as a check on logic, first... and, second, as an "end game" element in awareness... always like to have an idea of "what to buy"... when its time to buy...
In the last event, in 2020, the most obvious play moving out of SQQQ... was in owning oil at at negative prices... as quite likely worth more than being paid to take it. For me, that also a re-tread in concept... as stressed high yielders at a bottom often offer huge returns... all here should be tired of hearing the rehash of the midstreamer stories, by now...
This cycle... it is "oil up at the entry" versus the end... so far... perhaps not needing to exit even with stocks faltering... as "its different this time"... not just for oil, but all commodities... or so it seems now... so far...
So, maybe not going to find energy an ideal option to play off a bottom in the current cycle... if we get a flash crash like 2020... and call that correction good enough (which I deem unlikely still). And, if not that... then what ? Anyway... on a wild hair with that as search for alternatives as motivation... opted to poke at ETF land... to see what innovations might exist in already high yielding issues... that might become "more so" in like style following the path well worn by the mid-streamers in prior cycles.
And, happily found something "new to me" that I didn't know even existed...
But, bear with me... as the title indicates... the first find I made that sparked doing that search... maybe "the right idea" in "the wrong package"...
So, what I found was... an ETF that seeks yield by holding stocks long and writing covered calls... which makes perfect sense to me. And, then, found more than one... all with that same focus...
But, as I note... in the wrong place... as these ETFs all write covered calls on the NASDAQ 100... and that's more something I'm looking for ETFs to be 3X short right now...
So, anyway... poking at it as a CONCEPT found this Youtube vid from last year... when it still made more sense... but, after the link, will follow up below with the updated performance since then... which is important as one of these funds is greenlighted as a "better contained risk" because it uses put strategies in buying downside protection... and, now... with the market down a bit... we have proof in performance to validate that... so, "crazy busy" weekly charts on all four follow... extended to include performance in early 2020 with the recent...
And, then... in my next post... "the rest of the story"...
