Today wasn’t great for $QQQY , closing down 2.99% at $8.36. Still, this fund has some serious income vibes for those chasing yield. Here's the breakdown:
What it does: $QQQY sells daily put options on the Nasdaq 100 (yep, those famous tech giants) and pays out juicy monthly dividends. 🤑
Why it’s cool: With a 63% dividend yield, it’s definitely an income machine if you’re okay with a little risk. Plus, monthly payouts? Always a win. 🎉
The catch: Short-term options trading = potential for losses when markets get rough. Not for the faint-hearted! ⚠️
Fees: 0.45% expense ratio – not bad for what it offers, but keep it in mind. 💡
$QQQY is perfect if you want a side hustle for your portfolio but don’t mind a few ups and downs. Anyone else riding this one? Thoughts?