Q: This is not a criticism, but simply a point I am making.
When comparing covered call ETF's, quite often you do not compare the percentage of holdings that the ETF is writing covered calls on. In particular, QMAX only writes calls on 30% of it's holdings, leaving the other 70% to go up and down with the market.
When you wrote your last answer about QMAX, it left me with the impression that they were writing calls on 100% of the holdings, which is wrong, and a bit misleading.
I realize that I am somewhat splitting hairs, but I feel that the percentage the fund is writing calls on is quite important, especially a tech ETF that will swing more, than say a T-Bill ETF.
Thanks for all you do!
When comparing covered call ETF's, quite often you do not compare the percentage of holdings that the ETF is writing covered calls on. In particular, QMAX only writes calls on 30% of it's holdings, leaving the other 70% to go up and down with the market.
When you wrote your last answer about QMAX, it left me with the impression that they were writing calls on 100% of the holdings, which is wrong, and a bit misleading.
I realize that I am somewhat splitting hairs, but I feel that the percentage the fund is writing calls on is quite important, especially a tech ETF that will swing more, than say a T-Bill ETF.
Thanks for all you do!
5i Research Answer:
Your point is very valid and we will try and address these differences in the future in a better...