Greatest hedge I only lost $20 of $1775 for QYLD covered calls and dividend

**Title: πŸš€ QYLD: OG of Covered Calls πŸ“Š**

How I survived with only $20 losses for QYLD since buying at high on February at 17.91 100 shares

Feb I took a dividend of 0.122 after taxes

March 0.1266

April 0.12666

I also sold a call taking back 0.15

So now my cost is around 17.40

Now current price is 17.20

I am losing 0.20 or $20 $QYLD 20240517 18.0 CALL$ 

QYLD's like the OG of covered calls on the Nasdaq 100, and it's been rocking it since 2013, now boasting $8.19 billion in Assets Under Management. πŸš€ Its top holdings? Think the Magnificent 7: Microsoft, Apple, NVIDIA, Amazon, Meta Platforms, Google, Tesla, Broadcom, and Costco. Together, they make up almost half the weightage. And get this, it's got 103 holdings in total. πŸ“ŠπŸ’Ό this was bought at market high as market gets lower I am buying $SPDR Portfolio S&P 500 Growth ETF(SPYG)$ $Invesco NASDAQ 100 ETF(QQQM)$$Invesco QQQ Trust-ETF(QQQ)$ Bearish

**Title: πŸ‹οΈβ€β™‚οΈ QYLD: Heavy Lifting for Passive Income πŸ’Ό**

Sure, its expense ratio's at 0.61%, but hey, you're getting some serious bang for your buck with that covered call strategy. And let's not forget the beauty of those monthly distributions for a solid decade straight. QYLD's doing all the heavy lifting, saving us from potential mishaps and making sure our passive income game stays strong. πŸ‹οΈβ€β™‚οΈπŸ’Ό

Now, onto the savior of income seekers in this wild market: QYLD! 🦸 Despite the world going haywire with geopolitical drama, QYLD's here to save the day, going ex-dividend on April 22 with a whopping 11.6% yield. And guess what? Let's add a sweet $0.17 dividend each month before tax to the mix! πŸ“…πŸ’°$NASDAQ 100 Covered Call ETF(QYLD)$

**Title: πŸ’Έ QYLD: Champion of Financial Resilience πŸ’ͺ**

In the face of market turbulence, QYLD emerges as the champion of financial resilience. Despite the rocky ride, with dividends flying left and right, it's been a lifeline for investors seeking stability and income. With a clever strategy and a dash of resilience, those $20 losses are but a blip on the radar. πŸ’Έ$Invesco QQQ(QQQ)$ $SPDR S&P 500 ETF Trust(SPY)$   

@CaptainTiger @TigerStars @MillionaireTiger @MillionaireTiger @Daily_Discussion do feature me with this hedging As part of my portfolio 

# πŸ’° Stocks to watch today?(30 Apr)

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  • MatthewWalter
    Β·04-23
    That's some next-level hedging right there!
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