GLDI: Where Gold And Dividends Meet
Credit Suisse added a new fund to their lineup yesterday: the Gold Shares Covered Call ETN (GLDI). The fund takes a new approach to gold investing, which has seen a surge in popularity in recent years. The covered call strategy will make GLDI a one-of-a-kind gold fund that may do well to draw in investors who have grown tired of the plain vanilla gold exposure [see also What Can 1 Ounce of Gold Buy?]. The Covered Call Strategy A covered call consists of going long on an underlying security while selling call options on the same underlying security. This generates additional income (the premiums received from selling options), which helps to offset some losses when markets are falling. When markets are rising, however, the call options sold can come “in-the-money,” offsetting gains generated by the long position in the underlying security. In the case of GLDI, this ETN will maintain a [...] Click here to read the original article on ETFdb.com. Related Posts: iShares Plans Risk And Value MSCI ETFs, Credit Suisse Files For Covered-Call Gold ETN Wednesday’s ETF Chart To Watch: SPDR Gold Trust (GLD) ETF Insider: Bears At The Gates 3 ETFs To Watch This Week: XLI, XLY, GLD How To Swing Trade ETFs
Credit Suisse added a new fund to their lineup yesterday: the Gold Shares Covered Call ETN (GLDI). The fund takes a new approach to gold investing, which has seen a surge in popularity in recent years. The covered call strategy will make GLDI a one-of-a-kind gold fund that may do well to draw in investors who have grown tired of the plain vanilla gold exposure [see also What Can 1 Ounce of Gold Buy?]. The Covered Call Strategy A covered call consists of going long on an underlying security while selling call options on the same underlying security. This generates additional income (the premiums received from selling options), which helps to offset some losses when markets are falling. When markets are rising, however, the call options sold can come “in-the-money,” offsetting gains generated by the long position in the underlying security. In the case of GLDI, this ETN will maintain a [...]

Click here to read the original article on ETFdb.com.

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