Covered-Call Strategies: Selling covered calls can provide income for investors regardless of market conditions, and there are funds available that automate this process, offering yields ranging from 7% to nearly 90%.
Fund Performance Overview: Various covered-call funds have differing performances; for instance, the FT Vest Rising Dividend Achievers Target Income ETF (RDVI) has underperformed its index, while the FT Energy Income Partners Enhanced Income ETF (EIPI) has shown promise and outperformed its benchmark.
Global X Russell 2000 Covered Call ETF (RYLD): This fund employs a covered-call strategy on small-cap stocks but has underperformed its index significantly, providing limited upside during market gains.
YieldMax NVDA Option Income Strategy (NVDY): Although this fund offers an exceptionally high yield by trading options on NVIDIA shares, its performance may not be sustainable if NVIDIA's stock price stabilizes, highlighting the risks associated with such strategies.
Wall Street analysts forecast NVDY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast NVDY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVDY is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 14.330
Low
Averages
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Current: 14.330
Low
Averages
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
