$Global X S&P 500 Covered Call ETF(XYLD)$Hi tiger brothers and sisters, today I'll share a US stock with all of you! If you have excess USD and have no idea what to buy in today's volatile market, let me introduce a covered call etf that can generate a steady stream of income monthly! 

Covered calls are an excellent form of insurance against potential trouble in the markets. When an investor with a long position in a particular asset sells a call option for that asset, generating a profit in the process, it is considered a covered call.

$Global X S&P 500 Covered Call ETF(XYLD)$ seeks to generate income through covered call writing, which historically produces higher yields in periods of volatility. Furthermore, it has made monthly distributions 8 years running. Interestingly, it currently has a dividend yield of 10.91% and has paid $4.73 per share in the past year. 

Do you think it's a good option to protect your long positions in today's bearish market and collect your monthly dividend while waiting for the next bull rally?? Will you add this to your watchlist? Do let me know your opinion!