Benefit From the Tech Rally and Make Extra Income

[ETF Daily News]( May 24th, 2023 SPONSORED AD [Wall Street Veteran: "A New Wave of Crashes Will Rock US Stocks"]( The man Jim Cramer said he would never bet against is calling for a historic shakeup in the U.S. stock market. He called the 2020 crash and 2022 bear market. Now he says the next 90 days will determine your financial life for a decade. It doesn't matter if you have money in stocks right now, or are waiting on the sidelines. The short period we're about to enter changes everything. [Prepare here.]( [Benefit From the Tech Rally and Make Extra Income]( For months, the share prices of most stocks have been in the doldrums or worse. Large-cap tech stocks have been the exception, posting nice gains so far this year. Let’s check how a couple of covered call ETFs have performed compared to the most popular tech stock ETF. It’s my favorite way of investing in tech… The Invesco QQQ Trust ETF (QQQ) tracks the Nasdaq 100 stock index—the 100 largest companies that trade on the exchange. The portfolio is the who’s who of large-cap tech companies. Here are the top ten holdings. - Microsoft Corp. (MSFT) - Apple Inc. (AAPL) - Amazon.com Inc. (AMZN) - NVIDIA Corp. (NVDA) - Meta Platforms Inc. (META), a/k/a Facebook - Alphabet Inc. Class A (GOOGL), a/k/a Google - Alphabet Inc. Class C (GOOG), also a/k/a Google - Tesla Inc. (TSLA) - PepsiCo Inc. (PEP) - Broadcom Inc. (AVGO) As of May 17, QQQ has gained 25.2% this year to date. For comparison, the S&P 500 has gained 8.75%, with almost all of those gains coming in January. QQQ has climbed steadily higher every month. Covered call ETFs use an option selling strategy to generate cash income with an underlying portfolio. Selling calls can generate excellent cash income, but it also puts a cap on potential capital gains. Two option-selling ETFs use the QQQ or Nasdaq 100 as their underlying assets. From one website: “The Global X Nasdaq 100 Covered Call ETF ([QYLD]( follows a ‘covered call’ or ‘buy-write, strategy, in which the Fund buys the stocks in the Nasdaq 100 Index and ‘writes’ or ‘sells’ corresponding call options on the same index.” The JPMorgan Nasdaq Equity Premium Income ETF ([JEPQ]( throws in some active management. The fund strategy, taken from its website, says JEPQ… Continue reading at [INVESTORSALLEY.com]( Copyright © 2023 StockNews.com | All Rights Reserved [Unsubscribe]( [Privacy Policy]( [Terms & Conditions]( Magnifi Communities, 1 Penn Plaza, Suite 3910, New York, NY 10119