USOI - Crude Oil Shares Covered Call ETN
Posted: Wed May 11, 2022 9:02 am
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.
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.