The Covered Call ETF Boom May Be the Wrong Bet in a Bull Market
Owning stocks while collecting a fat monthly income sounds like financial alchemy. Yet, that’s the premise behind the market’s latest darling – covered call ETFs. Two popular funds, like JPMorgan Equity Premium Income ETF (NYSE: JEPI ) and Global X NASDAQ 100 Covered Call ETF (NASDAQ: QYLD ) have swelled to over $53 bi