With interest rates ‘higher for longer,’ volatility on the rise and choppy markets whipsawing portfolios, covered call funds have caught fire in the current market, delivering income returns that beats what you can get with cash or bonds, notes Nick Griebenow. He looks at trading Amazon (AMZN) ahead of earnings. His trade type is a covered call and the direction is neutral to bullish. He then breaks down the Shelton Equity Income Fund (EQTIX). He highlights that in a choppy market environment, his fund has earned investors an 9% annual yield while also shielding them from some of the worst market dips. Tune in to find out more about the stock market today.
Market On Close
20 Oct 2023
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