PUTW: The Power of Put-Writing in ETF Form

Vettafi06-10

Long-term bond yields are still elevated. The Federal Reserve will likely disappoint regarding 2024 rate cuts. So, many income investors are looking to diversify beyond the basics of rate-sensitive ...

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So, many income investors are looking to diversify beyond the basics of rate-sensitive ...</p>\n\n<a href=\"https://etfdb.com/model-portfolio-channel/putw-put-writing-etf-form/\">Source Link</a>\n\n</div>\n","source":"etfdb_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PUTW: The Power of Put-Writing in ETF Form</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPUTW: The Power of Put-Writing in ETF Form\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-10 08:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://etfdb.com/model-portfolio-channel/putw-put-writing-etf-form/><strong>Vettafi</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Long-term bond yields are still elevated. The Federal Reserve will likely disappoint regarding 2024 rate cuts. So, many income investors are looking to diversify beyond the basics of rate-sensitive ...</p>\n\n<a href=\"https://etfdb.com/model-portfolio-channel/putw-put-writing-etf-form/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4534","symbol_name":"瑞士信贷持仓","start_time":0,"source_url":"https://etfdb.com/model-portfolio-channel/putw-put-writing-etf-form/","article_id":"2442229298","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2442229298","pubTimestamp":1717977600,"sourceInfo":{"source_id":"etfdb_highlight","name":"Vettafi"},"weMediaInfo":null,"summary":"Long-term bond yields are still elevated. The Federal Reserve will likely disappoint regarding 2024 rate cuts. So, many income investors are looking to diversify beyond the basics of rate-sensitive bonds and high dividend equities. Those are among the reasons that options writing strategies are experiencing a renaissance. Options-based, income-generating ETFs represent one of the fastest-growing ETF categories. One member of that group is the WisdomTree PutWrite Strategy Fund .The fund follows the Volos US Large Cap Target 2.5% PutWrite Index and has a distribution yield of 12.03%. That means it’s easy to understand why some income investors are attracted to this fund. Fortunately, the ETF’s advantages extend beyond that tantalizing yield.In addition to the obvious benefit of monthly income, PUTW could be a relevant consideration at a time when some market participants are growing concerned with the lofty valuations seen with the S&P 500.For more news, information, and analysis, visit ","collect":0,"end_time":0,"defaultTopTitle":"etfdb.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","VOO":"Vanguard标普500ETF","UPRO":"三倍做多标普500ETF","PUTW":"WISDOMTREE PUTWRITE STRATEGY FUND","PW":"Power REIT","SH":"标普500反向ETF","BK4559":"巴菲特持仓","IVV":"标普500指数ETF","SSO":"两倍做多标普500ETF","BK4588":"碎股","BK4550":"红杉资本持仓","BK4084":"特种房地产投资信托","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","OEX":"标普100",".SPX":"S&P 500 Index","SPY":"标普500ETF","FDN":"First Trust Dow Jones Internet I","SDS":"两倍做空标普500ETF","BK4234":"特殊用途房地产信托"},"translate_title":"PUTW：ETF形式看跌期权的力量","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PW":1,"PUTW":1,"FDN":1,"VOO":0.9,"SPY":0.9,"IVV":0.6,"UPRO":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"OEX":0.6,"OEF":0.6,".SPX":0.6,"ESmain":0.6},"content_text":"Long-term bond yields are still elevated. The Federal Reserve will likely disappoint regarding 2024 rate cuts. So, many income investors are looking to diversify beyond the basics of rate-sensitive bonds and high dividend equities. Those are among the reasons that options writing strategies are experiencing a renaissance. Options-based, income-generating ETFs represent one of the fastest-growing ETF categories. One member of that group is the WisdomTree PutWrite Strategy Fund (PUTW B+).\n\n\n\nThe fund follows the Volos US Large Cap Target 2.5% PutWrite Index and has a distribution yield of 12.03%.  That means it’s easy to understand why some income investors are attracted to this fund. Fortunately, the ETF’s advantages extend beyond that tantalizing yield.\n\nPlenty of Perks With PUTW\n\nIn addition to the obvious benefit of monthly income, PUTW could be a relevant consideration at a time when some market participants are growing concerned with the lofty valuations seen with the S&P 500.\n“With the S&P 500 selling at 21x forward earnings and having a robust period of outsized returns, now may be a particularly good time to consider them. Our own view is that the S&P 500 is set to have lower returns over the next 5–7 years than what it has delivered historically due to the higher valuations,” noted Alejandro Saltiel, WisdomTree’s head of indexes.\n\n\n\n\n\n\n\n\nContent continues below advertisement\n\n\n\n\n\n\n\n\n\n\n\nPUTW's Unique Index Methodology\n\nThe ETF’s “plumbing” is also worth acknowledging. That is to say the ETF’s underlying index employs a methodology that sets PUTW apart from rival funds.\n“At any point in time, the Index holds two exchange-traded put options on the SPDR S&P 500 ETF Trust (SPY A), with roughly 50% exposure to each,” added Saltiel. “The SPY puts are selected to target a minimum premium of 2.5% as measured by the premium collected when selling the option divided by the price of SPY on the day prior to the roll date. The strike price for each position will either be (i) the ‘at-the-money’ strike price (strike price equal to the current price of the SPY) if its premium exceeds 2.5% or (ii) the strike price for the SPY put that has a premium closest to 2.5%.”\nPUTW’s methodology can allow for a smoother experience than with some options-based funds. Moreover, the fund’s functionality can mitigate broad swings in monthly distributions. That’s one of the primary detracting points regarding options writing ETFs.\n\n\n\n\n\n\n\n\n\n\nFor more news, information, and analysis, visit the Modern Alpha Channel.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2442229298"}