Global X S&P 500 Covered Call ETF (XYLD)

options-strategy sp-500 income-generation monthly-dividends

This ETF offers a twist on traditional S&P 500 investing, employing a covered call strategy to generate income. By writing call options on the index, it seeks to provide investors with a steady stream of income, potentially at the cost of capping upside potential. In a market characterized by muted returns, this approach could prove particularly attractive to those seeking to enhance their portfolio's yield.