Tap Covered Call ETFs to Earn Higher Income
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2024
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Source: NASDAQ.COM
Covered Call Strategy: This investment technique involves holding a long position in a stock while selling call options to generate income and provide downside protection during market selloffs. Historically, it has outperformed underlying securities in bear and moderate bull markets but lags during strong bull rallies.
Market Conditions and ETFs: Recent declines in consumer confidence and new home sales, coupled with high mortgage rates, have led to uncertainty in the market. In this context, investing in covered call ETFs like TSPY, QYLD, XYLD, QDTE, and JEPI may be advantageous for generating income amidst fluctuating economic conditions.
Analyst Views on QDTE
Wall Street analysts forecast QDTE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QDTE 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: 30.640
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Current: 30.640
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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.
