USOI - Crude Oil Shares Covered Call ETN

[mikelp]

another income idea in the energy space ...
pays a monthly coupon...current yield 34.98%

https://notes.credit-suisse.com/etn/etn-pdp.html

Credit Suisse X-Links™ Crude Oil Shares Covered-Call ETN

Index Overview
The Index seeks to implement a "covered call" investment strategy by maintaining a notional long position in shares of the United States Oil Fund, LP (Ticker: USO) (the "USO Shares") while notionally selling call options on that position on a monthly basis that are approximately 6% out-of-the-money (i.e., strike price is 106%). The notional net premiums received (if any) for selling the calls are paid out at the end of each monthly period as a Distribution. The Index's strategy is designed to generate monthly cash flow in exchange for giving up any gains beyond the 106% strike price.

[Fraser921]

Good one!....I like it Thank you for posting. 36 % wow, main risk is oil prices crash but I don't see that as likely at the moment.

I more or less do that with my some of my long positions

Sold June 70 calls on Oxy today at 2.50. Monday gave me Religion. Please God, give me one more chance!

Imagine that, me hedging my bets.

I did something new today

I sold Jun 17, 2022 35.00 Put on AR for 3.60. If its "put" to me my cost on AR would be 31.40 (35-3.60)