ISPY: Option Income ETF! Using Daily Call Options to Generate $$$ while Owning the S&P500.

[@dandans9060]

Great video, I prefer SPYI for the higher yield / income .

[@tirevelation777]

You can own SPYI & ISPY to get payed 2x a month since they both have different payable dates

[@MessedUpParodies]

I own ISPY & IQQQ, and I do just as you suggested, mix them together with all the others in the old soup bowl. Diversify with different strategies and managers.

[@wealthadventures]

I think it makes sense if you are going to roll with these products.

[@leeholder2258]

I loved QDTE and XDTE, they are great.

[@finwest]

What timing…I just began trading a strategy last week selling 0 DTE covered calls on SPY. I, too, had a red arrow day as you showed, but I rolled the short call forward a day and was able to capture full premium. Experimenting with a small position at first with 1 contract, then will move up to maybe 3 or 4 depending on my results. It will be interesting to see how I do vs. ISPY.

[@wealthadventures]

Excellent! Keep me updated.

[@janoz06]

Thanks Dave. Excellent video

[@wealthadventures]

Glad it was helpful!

[@sdrs95a]

I own ISPY and it has been very solid ! I also own SPYI, while only 8 months, so far ISPY has a higher Total Return.

[@wealthadventures]

Still early!

[@rocelletiu7188]

Please do a video based on the nasdaq covered call etfs. Thanks!

[@josephnakkash2996]

Can u review QDTE and XDTE pls and thank u

[@cbrcommercialcontracting517]

Morning. ISPY vs XDTE. Biggest differences IYHO?

[@wealthadventures]

ISPY uses SWAPS... I'm still trying to figure out the tax implication with those swap agreements. XDTE uses a synthetic long and has done well so far but I'm not a big fan of that 0.95% expense ratio. Today I reviewed TSPY which may actually be my pick overall...

[@brucef1299]

We are spoiled for choice no doubt. VOO, GPIX, and SPYI for me at this time. The siren song of weekly paydays was too intriguing to pass up so also a tiny nibble of XDTE in the mix.

[@wealthadventures]

Having VOO in there gives you some nice options versus just having the income versions.

[@jasonbarker9943]

thanks for the video

[@Baron1975]

TLTW has been the place to be for the last month. Looking forward ro rate cuts TLT,TLTW should continue to outperform. 🎉🎉🎉

[@dandans9060]

TltW one of my bigger positions and very happy, I can see it hitting 30-35 as the rates start cutting

[@wealthadventures]

Selling PUTs on TLT has been a good option... for options.

[@jeffinphoenix]

Have you ever covered long short etfs like CBLS?? Very interested! Thanks for the great videos.

[@wealthadventures]

I covered HEQT which sounds similar: kzbin.info/www/bejne/aKiXnGSdnbuMbM0 I've been looking at HELO. CBLS is new to me. I will check it out.

[@jeffinphoenix]

@@wealthadventures awesome thanks!

[@aqt12761]

not a typo, I own SYPI and QQQI.... funny how the other person own ISPY and IQQQ.

[@kurts6741]

Wall Street has a never-ending thirst for producing financial products.

[@wealthadventures]

No doubt!

[@EricFraser-i1q]

Hey Dave LOVE the Show...Can you PLEASE Review and new ETF TSPY...it's right in your wheel house and sounds exciting plus they are based out of my hometown Seattle. The have a 14% Return so far and are doing daily covered calls. Love to get your thoughts. Thanks. Keep up the great work

[@wealthadventures]

Sure will. Adding it the list. Thanks Eric.

[@jmcole56]

Thanks, Dave. Seems like most of these do good as initial money comes in, then over time drop off. I personally have jepi and spyi, but what option strategy do you think will hold the test of time? Seems like they go down fast and come back slow. The best one I have is divo, but has a lower yield, but also outperforms the others.

[@mengkham]

Check out TDVI lower yield at 7% but great total return

[@wealthadventures]

I do like DIVO and IDVO. My largest position in these is with JEPI/JEPQ. They all seem to have decent strategies behind them and each one will shine at a different time. So I like the idea of mixing them together.

[@Adventure5619]

After the ball kick i got with ryld i gun shy on these. Somuch hype on them 3 years ago. I bought 10k worth 3 years ago with divies i am still down. Just happy i only did 10k.

[@chrisk1569]

In my opinion, it is because you went with a Global X fund. The strategies they use are very bland and don't allow much room for recovery after falling. Again just my opinion, I used to hold QYLD, my mistake. Also, look at all the other funds they operate, not many are doing any good.

[@Adventure5619]

@@chrisk1569 well 3 years ago these funds were what every you tube was talking about. I mean every big dividend youtuber plugged them. Fast 1 year it was jepi and now its yield max. Few years these will be dead money and there be another one all youtubers will pump.

[@Snappingttturtlle]

Can you live off these ETFs if you don't reinvest the payouts?

[@billassim9014]

It depends on the size of your account

[@torchy187]

And what your income needs are for retirement minus your pension and SS.

[@spain77777]

I believe the sweet spot is between 8 and 14 % you can say you can live off all the dividends without sacrificing principal

[@Snappingttturtlle]

@@spain77777 you mean reinvest at least 8-14% of the payouts?

[@wealthadventures]

I think you would need to reinvest a portion of the distributions. Of course, it does depend on how much you have in retirement.

[@justinlanzo5057]

Say I buy to open 1 call option for XYZ stock. The stock goes way above my strike price, and I want to sell to close this option contract. Do I actually need the collateral cash or margin in my account to buy the 100 shares at my strike price and then sell it? Or do i just close the contract and instantly receive whatever the gains would be? Also, would it be the same with buying to open a put?

[@wealthadventures]

If you BUY an option, all you need is the money to purchase the option. Best practice is usually to "sell to close" the option sometime prior to the expiration date. This is true for buying a put or a call. You should not need the collateral to buy 100 shares.

[@justinlanzo5057]

@@wealthadventures thank you so much for answering

[@Philson]

Just sell ur own options. These kinda things aren't great for tax.

[@JohnsFishTales]

Not exactly correct. SPYI & QQQI for example are taxed more favorably. Look into it more.

[@CalmerThanYouAre1]

Looks like another creative way to churn fees for investment banks and taxes for the government while underperforming a strategy of simply holding SPY. 🤷🏻‍♂️

[@wealthadventures]

I agree for the most part but I do see cases where these could be beneficial.

[@Nima1977]

@@wealthadventures For 50 years of retirement you think it will work?

[@wealthadventures]

@@Nima1977 I would not put all my eggs in this one basket. I think it could be around for 50 years but it will have ups and downs. I would look to diversify with some other products.

[@ampiciline]

i am just selling naked put on TLT ...... fed is cutting rate so TLT goes up , then sell naked put TLT , .....1,2 ,3 so easy or if you do it defined risk , CSP or vertical credit put ( delta 20 % ) 45 DTE

[@wealthadventures]

I'm still working with TLT as well. I think it will provide some good results.