Well I just sell cash secured puts just to acquire the etf after that they do the covered call on the stock and I get the monthly dividend from that
I am sure they can do a better job of doing the covered call plus I don't have to worry about if the stock goes down I still collect the dividend
I could just buy the etf directly but with the CSP I can buy it a little cheaper the only problem is some of the etf don't have much volume so the bid ask is wide so I just set my prices and leave it there for a couple of days to give it a chance to fill If not I may lower my price or go out to the next month There is no rush in getting filled Or I may even look at a different etf with the monthly dividend
I am sure they can do a better job of doing the covered call plus I don't have to worry about if the stock goes down I still collect the dividend
I could just buy the etf directly but with the CSP I can buy it a little cheaper the only problem is some of the etf don't have much volume so the bid ask is wide so I just set my prices and leave it there for a couple of days to give it a chance to fill If not I may lower my price or go out to the next month There is no rush in getting filled Or I may even look at a different etf with the monthly dividend