To The Moon

🌟🌟🌟On a day when the US markets are down due to the geopolitical conflicts in the Middle East and Russia $NASDAQ 100 Covered Call ETF(QYLD)$ provides some cheer for income seeking investors like me. QYLD is going ex dividend on April 22 and the current dividend yield is 11.6%. QYLD tracks an index that holds Nasdaq 100 stocks and sells call options on those stocks to collect premium. In recent years Covered Calls ETFs are getting popular but QYLD is the first ETF to apply it to Nasdaq 100 Index. QYLD was started on December 12 2013 and has since grown to USD 8.19 billion in Assets Under Management. QYLD is the largest ETF of Global X due to its popularity. The Top 10 holdings include the Magnificent

After Fed Chair Powell hinted that the central bank is not in a rush to cut rates, U.S. Treasury yields rose on Tuesday (16th), with the 2-year yield briefly touching 5%. U.S. stocks were volatile before closing mixed, with the S&P 500 and Nasdaq Composite falling for the third straight day, while the Dow Jones snapped a six-day losing streak, led by UnitedHealth.Options trading data shows diverging investor expectations for the future. SPY options reflect a slightly bullish sentiment, with investors betting on limited upside in the short-term. QQQ options have been bullish on June far-dated calls for two straight days, though remaining bearish near-term. For the small-cap Russell 2000 ETF, investors are primarily defensive, selling put options.Details:

1. Oil Call Option Volumes Are SoaringAfter Israel vowed to respond to missile and drone attacks from Iran, trading volume of crude oil call options surged to an all-time high. On Monday, trading volume of Brent crude oil call options approached 350,000 contracts, surpassing the record set in 2019. The premiums for these contracts relative to put options also rose to the highest level since October. Source:BloombergAccording to market sources, the majority of trades are focused on establishing new bullish positions and transferring existing contracts bought in the weeks leading up to the Iranian attacks. Open interest has seen an increase.With ongoing unrest in the Middle East, coupled with robust demand and tight supply, Brent crude futures prices have surged to around $90 per barrel, hit